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Penobscot County, ME home prices

Penobscot County, ME: the typical home is worth $280,732 as of 2026-05, up +1.6% over the past year and +235.1% since 2000. Listings run about $192/sq ft…

Data as of · by the Real Estate Price Map data team · methodology & sources

Penobscot County is cooling and fairly valued — very affordable for what people here earn.

Momentum+1.6%Cooling
Valuation-1%Fair value
Affordability8/10Very affordable
Market45 daysBalanced

Real Estate Price Map scores, derived from the data on this page · how we calculate them

1979: $38,037 → 2026: $280,732 (7.4×) pre-2000 estimated via FHFA index

Typical value$280,7322026-05
1-year+1.6%
5-year+39.6%
10-year+100.9%
Since 2000+235.1%
Population156k2024
Median income$65,2152023 · 4.3× income
Median rent$1,552/mo2026 · 6.6% gross yield
New homes/yr4502024
Price / sq ft$192listings
Days on market452026-06
Active listings5342026-06
Price cuts19%of listings

Market read

At $280,732, homes in Penobscot County sit 15% below the Maine median ($329,296) and 20% above the US median ($233,954). That ranks #12 of 16 Maine counties by price.

Prices are holding steady (+1.6% in the last year) — a balanced market.

Homes here move at a steady pace — a median 45 days on the market, with 19% of listings cutting their asking price.

At 4.3× local income, that's pricier than the typical US county (~3.8×).

Prices here sit roughly in line with what local incomes and rents imply at the typical US multiple.

Buying looks cheaper than renting — ~$1,386/mo to buy (P&I, 20% down) vs $1,552/mo to rent.

Home value history

Zillow ZHVI, monthly from 2000 · recessions shaded. See the full 1975 history on the interactive map →

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Nearby counties

Piscataquis County, ME ($229,221) · Washington County, ME ($199,474) · Hancock County, ME ($418,223) · Somerset County, ME ($233,592) · Waldo County, ME ($344,524) · Kennebec County, ME ($320,059)

Frequently asked questions

What is the average home price in Penobscot County, ME?
The typical home in Penobscot County is worth $280,732 as of 2026-05, based on the Zillow Home Value Index.
Are home prices in Penobscot County rising or falling?
Prices are up +1.6% over the past year and +235.1% since 2000 — a balanced market.
Is Penobscot County affordable?
At 4.3× the local median income of $65,215, Penobscot County is pricier than the typical US county.
What is the rental yield in Penobscot County?
Median rent is $1,552/mo — a gross rental yield of 6.6% on the typical home.
How fast do homes sell in Penobscot County?
Homes here take a median of 45 days to sell, with 19% of listings cutting their asking price.
Median home value by year
YearMedian home value
2000$83,769
2001$89,362
2002$96,449
2003$105,477
2004$115,964
2005$132,297
2006$143,076
2007$146,743
2008$147,459
2009$143,184
2010$138,002
2011$135,315
2012$133,460
2013$134,337
2014$137,859
2015$136,845
2016$139,292
2017$142,527
2018$148,533
2019$158,450
2020$162,959
2021$188,585
2022$219,093
2023$241,034
2024$258,184
2025$273,418
2026$276,915