Counties / Maine / Aroostook County

Aroostook County, ME

FIPS 23003 · population 67,058 · outside every metro area

$174k
Zillow home value · 2026-06
The numbers

What this county costs and earns

Everything here joins on the county FIPS code, so each figure comes from the agency that publishes it with no name matching in between.

Zillow home value
$174k
▲ 2.5% year over year
Zillow ZHVI · direct
Median asking rent
$1,052
n/a year over year
Zillow ZORI · direct
Gross yield
7.3%
annual rent ÷ price, before costs
derived: rent × 12 ÷ price ✓
HUD 2-bed standard
$1,224
market rent is 0.86x the standard
HUD Fair Market Rent · direct
Independent price check

Do two methods point the same way?

Zillow estimates a current home value. FHFA tracks repeat mortgage transactions. Their growth rates should be read side by side, not averaged.

Both annual signals move in the same direction
FHFA five-year cumulative+65.4%not annualized · through 2025
0%ZILLOW ZHVI2026-06+2.5%FHFA HPI2025+8.6%
Annual changes use different methods and may use different periods. The comparison checks direction and magnitude; it does not create a blended estimate. Zillow county ZHVI pulled 2026-07-26; FHFA annual county HPI pulled 2026-07-28.
Owner-reported value$150k
Surveyed gross rent$784
Rent burden 30%+46.6%
Median year built1972
Housing composition

Who occupies the stock—and what it is

ACS 2024 5-year
22.1%vacant
38,450estimated housing units
Occupied tenure25.5% renter
owner 74.5%renter 25.5%
Structure mix74.0% single-family
Single-family 74.0%20+ units 2.3%Mobile home 9.2%Other 14.5%
ACS estimates describe the standing housing stock and occupied tenure. They do not measure current listings, transaction prices or asking rents.

Survey source: Census ACS 5-year — county housing value, tenure and stock · ACS 2024 5-year · pulled 2026-07-30. These values describe different housing universes and are not combined into gross yield.

Annual average covered jobs25,664▼ 1.3% from the prior annual release
Covered establishments2,374annual average reporting locations
Average weekly wage$1,028▲ 4.5% from the prior annual release
Largest private supersectorTrade, transportation, and utilities26.1% of disclosed private covered jobs
Local labor base

Jobs, pay and private-sector concentration

2025
0%COVERED JOBS−1.3%WEEKLY WAGE+4.5%Trade, transportation, and utilities26.1%
Annual QCEW counts cover jobs located at reporting establishments. The industry share uses disclosed private covered employment; it is not a resident-employment measure or a forecast.

Workplace source: BLS QCEW — county employment and wages · annual county employment and wages 2025 vs 2024 · pulled 2026-07-31. QCEW counts covered jobs located in the county, not employed residents or the metro score’s CES/LAUS series.

County brief

What the local evidence says

01Decision frame

Aroostook County presents a mixed screen for investors who can verify property-level operating risk, while buyers needing clear transaction-price confirmation should be cautious. Zillow’s county median home value was $173,857 and rose 2.54%. FHFA’s separately dated annual repeat-transaction HPI rose 8.56%; it confirms an upward direction, but is an index rather than a home value. The two measures use different methods and supplied periods, so neither their rates nor their vintages should be combined.

02Housing economics

Published median asking rent was $1,052 per month, supporting the stated 7.26% gross yield before operating costs. That is measured market rent, not HUD policy. The HUD two-bedroom FMR was $1,224 per month: a payment standard, not an asking-rent estimate and not a substitute for yield calculation. The county effective property-tax rate of 1.12% is a material carrying-cost input alongside price and rent, although a subject’s assessment and tax bill require verification. Insurance, repairs, utilities, vacancy and financing costs are not published, preventing a net-yield conclusion.

03Demand & competition

Realtor.com’s MLS listing-market evidence shows a 3.14% lower median asking price, 370 active listings, up 16.56%, a 66-day median marketing time, and 18.68% of listings reduced. Together these indicate more visible supply and seller concessions, but they are not closed-sale prices or proof of buyer demand. Tax-return migration was positive, while the average AGI of incoming movers was lower than that of outgoing movers; household inflow therefore does not establish tenant purchasing power. The record identifies 42 investor purchases among 520 total purchases, a county-level competition measure rather than a property-type demand test.

04Risk & next checks

Annual QCEW covered employment at county workplaces fell 1.29%, and Trade, transportation, and utilities was the largest disclosed private supersector; this is neither resident employment nor a statement about the whole economy. Inland flood is the dominant hazard, with modeled annual climate loss of 0.11% of building value. That model is not a parcel loss estimate. Flood zone, claims, insurance quotes, closed sales, lease-up, vacancy and expenses are not published; those gaps prevent conclusions on insurability, acquisition value, achievable rent and net cash flow.

Cities & communities

Where people live within Aroostook County

Census-recognized incorporated places and CDPs that intersect this county. The list does not pretend to include every neighborhood or informal community.

Population scale

Largest Census places

ACS 2024 5-year
Presque Isle city8.7KCaribou city7.4KHoulton CDP5.1KMadawaska CDP3KFort Kent CDP2.4KVan Buren CDP1.6KFort Fairfield CDP1.5KLimestone CDP1.1K
Bars use total place population, not a county-share estimate. An asterisk marks a place that crosses a county line.
Official directory

17 Census places

Population
  1. 01
    Presque Isle cityIncorporated place
    8,736
  2. 02
    Caribou cityIncorporated place
    7,382
  3. 03
    Houlton CDPCensus-designated place
    5,082
  4. 04
    Madawaska CDPCensus-designated place
    3,022
  5. 05
    Fort Kent CDPCensus-designated place
    2,398
  6. 06
    Van Buren CDPCensus-designated place
    1,634
  7. 07
    Fort Fairfield CDPCensus-designated place
    1,533
  8. 08
    Limestone CDPCensus-designated place
    1,079
  9. 09
    Washburn CDPCensus-designated place
    888
  10. 10
    Mars Hill CDPCensus-designated place
    841
  11. 11
    Mapleton CDPCensus-designated place
    705
  12. 12
    Ashland CDPCensus-designated place
    614
Show 5 more places
  1. 13
    Oakfield CDPCensus-designated place
    449
  2. 14
    Eagle Lake CDPCensus-designated place
    360
  3. 15
    Island Falls CDPCensus-designated place
    359
  4. 16
    Grand Isle CDPCensus-designated place
    243
  5. 17
    Blaine CDPCensus-designated place
    206

Population is the total place-wide ACS estimate, not an allocated county share. A place crossing a county line is labelled explicitly. Source: Census ACS 5-year — cities and communities · ACS 2024 5-year · pulled 2026-07-30.

Risk, demand and competition

The three things a price does not tell you

01
Risk & carrying costFEMA NRI + Census ACS
Dominant hazardinland flooding

0.106% of building value expected lost per year

Effective property tax1.12%

$1,672 median annual bill

02
DemandIRS SOI household flows
Net migration+100

1,099 in · 999 out

Arriving vs leaving income−$7,588

$50,029 arriving · $57,617 leaving

03
CompetitionHMDA financed purchases
Purchases by investors8.1%

42 of 520 mortgages

investorother financed
Current listing pressure

What sellers and visible supply are doing

Realtor.com® Economic Research · county inventory 2026-06 · pulled 2026-07-28
Active listings370▲ 16.6% year over year
Median days on market66▲ 5.2% year over year
Listings price-reduced18.7%seller-concession signal
Median listing pricen/a▼ 3.1% year over year

Listing price is an asking price, not a closed sale. Quality-flagged county rows are withheld instead of displayed.

Bear case

What can break the county thesis

  1. Subject flood exposure and insurance cost may differ materially from the county climate model.
  2. County asking rent may not equal achievable rent for the subject property.
  3. MLS listing evidence may not match closed-sale pricing or actual absorption.
Underwriting questions

Before pricing a property

Is the published rent a HUD FMR proxy?

No. The record identifies rent as median asking rent and FMR as a HUD payment standard.

Can gross yield be treated as net cash flow?

No. The published yield is before operating costs, and key expense inputs are not published.

What does the Realtor.com evidence establish?

It establishes visible MLS supply, marketing time and price-reduction conditions, not closed-sale pricing or buyer demand.