Millinocket, Maine.
Typical home $161,521 (-0.9% in a year). Bangor, ME metro.
to buy the typical home at today's mortgage rate — +$510 (+151%) since Jan 2020.
- 1 year
- Down $1,413 -1%
- $162,934$161,521 since Sep 2025
- 5 years
- Up $37,737 +30%
- $123,784$161,521 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Millinocket$848
- Maine$2,162
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 13 years.
Typical home values in Millinocket, ME fell 0.9% over the past year — slower than the nation's +1.2%.
Living in Millinocket, Penobscot County, Maine
Millinocket, in Penobscot County, had 4,104 people in the 2020 census. Half its households earn more than $50,445 a year and half less, against $66,356 across Penobscot County; 19% of its people live below the poverty line. 84% of its homes are lived in by their owners and 16% are rented. Unemployment in Penobscot County was 3.4% in August 2026, and the county had 0.3% fewer jobs in 2025 than the year before. The most people in Penobscot County work in schools and health care, then shops.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Millinocket is a small community in Penobscot County, and most homes are lived in by their owners, a larger share than is typical for the country. Incomes run well below the county's, and more people live below the poverty line than most would expect. Winters are long and cold, with a great deal of snow, and summers are mild and pleasant.
Work. Many residents work in schools, hospitals and social care, with shops, the building trades, and restaurants and hotels also employing a good number. Millinocket Regional Hospital, Millinocket Public Schools and Hannaford are among the largest workplaces in town. Very few people work from home, and fewer adults hold a four-year degree than in many places.
Things to do. The West Branch Penobscot River and South Twin Lake are both a short drive away, good for time on the water. For a longer outing, Baxter State Park is a protected area a longer drive away, and Katahdin Woods and Waters National Monument is another protected area a longer drive away. Snowy winters mean the outdoors looks quite different from one season to the next.
Report a mistake
- 1,841households
- 19%of adults have a degree
- 19%below the poverty line
- 2%work from home
What people in Penobscot County work in
Employed residents by industry, from the Census survey. Penobscot County had 71,782 jobs in 2025, 0.3% fewer than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 24° and lows near 5°; warmest in July, with highs near 78° and lows near 57°. About 86 inches of snow and 45 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Millinocket weather station, under a mile away (NOAA).
Largest workplaces in Millinocket
- Millinocket Regional HospitalCritical access hospital149FTE
- Millinocket Public SchoolsSchool district119FTE
- HannafordGrocery stores85
- Katahdin Health CareSkilled nursing facilities70
- Mosaic-Living Innovations-MillinocketActivity centers for disabled persons, the elderly, and persons diagnosed with intellectual and developmental disabilities28
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 3 workplaces with 20 or more staff, 183 people in all. Hospitals come from their Medicare cost reports (CMS, 2023) and school districts from the Common Core of Data (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Winter weatherVery high
- LightningRelatively high
- Inland floodingRelatively high
- HurricanesRelatively moderate
- Cold wavesRelatively moderate
- Strong windRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Millinocket’s census tracts, against the rest of the country; all of them together, relatively moderate. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Penobscot County and the Bangor, ME metro.
Millinocket home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Millinocket$161,521
- Maine$412,002
- United States$366,157
Levy by levy, and a check of one home’s own bill, the site covers Ohio’s property tax.
Sellers are cutting prices on about 1 in 3 Millinocket listings — the market is roughly in balance.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Millinocket32.24%
- United States26.90%
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Millinocket48
New listings per month
Sellers arriving at the market.
- Millinocket8
Zip codes with a Millinocket address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Millinocket — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.
Zillow publishes no zip-level series with this city on the address.