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Millinocket CDP, ME

ZIP 04462 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 04462

Median Home Value
$89,700
Median Rent
$499
Affordability Snapshot
$25,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$576/mo PITI).

14%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

2.0x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

15.0 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 04462 in Millinocket CDP, ME, a household would need roughly $25,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $576. That sits below the local median household income ($44,167), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 31% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
84.3%+29% vs US avg
x
Vacancy Rate
30.8%+199% vs US avg
x
Broadband Access
83.0%-5% vs US avg
x
4+ Bedrooms
4.2%-72% vs US avg
x
Built Pre-1939
7.0%-45% vs US avg
x
Built Post-2014
0.2%-97% vs US avg
x
Rent Burden >30%
3.6%-93% vs US avg
x
Mortgage-Free
64.9%+70% vs US avg
x
$89,700
Home Value
$499
Rent
1958
Year Built
2004
Moved In

Residents have lived here since ~2004 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached80.9%
  • 1-unit attached0.0%
  • 2-9 units6.9%
  • 10+ units4.7%
  • Mobile home & other7.5%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$89,700
Median rent$499
Owner-occupied84.3%
Vacant30.8%
Price-to-income2.0x
Est. income to buy$25,000