Rental numbers for Penobscot County, ME
The typical home here runs -$817 a month at 7.78% with 25% down, breaking even at about 1.2%. 0 of 3 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 5.9%.
- Gross yield
- 6.5%
- typical home, Zillow
- Median ZIP yield
- 5.9%
- 3 ZIPs with full data
- Cash flow
- -$817/mo
- at 7.78%, 25% down
- Typical price
- $282,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $1,515/mo
- Zillow ZORI, Aug 2026
ZIP codes in Penobscot County
32 with published figures
| 04435Exeter | $221,000 | $1,980* | 10.8% | 6.8% | +$66 | n/a |
| 04487Carroll Plantation | $188,000 | $1,630* | 10.4% | 6.6% | +$23 | n/a |
| 04455Lee | $190,000 | $1,630* | 10.3% | 6.4% | -$14 | n/a |
| 04928Corinna | $192,000 | $1,570* | 9.8% | 5.9% | -$88 | n/a |
| 04422Charleston | $228,000 | $1,770* | 9.3% | 5.7% | -$140 | n/a |
| 04932Dixmont | $251,000 | $1,930* | 9.2% | 5.7% | -$159 | n/a |
| 04418Summit | $172,000 | $1,320* | 9.2% | 5.1% | -$190 | n/a |
| 04448Howland | $191,000 | $1,430* | 9.0% | 5.1% | -$214 | n/a |
| 04449Hudson | $258,000 | $1,840* | 8.5% | 5.0% | -$322 | n/a |
| 04461Milford | $226,000 | $1,610* | 8.5% | 4.7% | -$325 | n/a |
| 04450Kenduskeag | $239,000 | $1,620* | 8.1% | 4.4% | -$414 | n/a |
| 04468Old Town | $255,000 | $1,717 | 8.1% | 4.0% | -$515 | n/a |
| 04930Dexter | $216,000 | $1,420* | 7.9% | 4.0% | -$439 | n/a |
| 04430East Millinocket | $175,000 | $1,140* | 7.8% | 3.7% | -$402 | n/a |
| 04434Etna | $267,000 | $1,670* | 7.5% | 4.1% | -$532 | n/a |
| 04765Patten | $178,000 | $1,110* | 7.5% | 3.7% | -$407 | n/a |
| 04428Eddington | $280,000 | $1,720* | 7.4% | 4.0% | -$586 | n/a |
| 04411Bradley | $277,000 | $1,660* | 7.2% | 3.8% | -$609 | n/a |
| 04488Stetson | $268,000 | $1,580* | 7.1% | 3.7% | -$616 | n/a |
| 04969Plymouth | $245,000 | $1,420* | 7.0% | 3.8% | -$550 | n/a |
| 04456Levant | $330,000 | $1,890* | 6.9% | 3.6% | -$781 | n/a |
| 04457Lincoln | $228,000 | $1,290* | 6.8% | 3.2% | -$626 | n/a |
| 04419Carmel | $331,000 | $1,870* | 6.8% | 3.5% | -$826 | n/a |
| 04473Orono | $315,000 | $1,780* | 6.8% | 2.7% | -$984 | n/a |
| 04427Corinth | $264,000 | $1,390* | 6.3% | 3.0% | -$766 | n/a |
| 04953Newport | $267,000 | $1,400* | 6.3% | 2.7% | -$842 | n/a |
| 04474Orrington | $341,000 | $1,780* | 6.3% | 3.2% | -$938 | n/a |
| 04429Holden | $354,000 | $1,840* | 6.2% | 3.0% | -$1,026 | n/a |
| 04401Bangor | $307,000 | $1,520 | 5.9% | 2.5% | -$1,017 | +4.6% |
| 04493Enfield | $240,000 | $1,160* | 5.8% | 2.4% | -$812 | n/a |
| 04412Brewer | $306,000 | $1,467 | 5.8% | 2.2% | -$1,088 | n/a |
| 04444Hampden | $356,000 | $1,570* | 5.3% | 2.0% | -$1,318 | n/a |
* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.
Trends
Five years to August 2026
- Price, 12 months
- +2.5%
- Rent, 12 months
- +3.6%
- Rent minus price growth
- +1.2 pts
- Property tax
- 1.16%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $212,387 | $1,192 |
| Aug 2022 | $242,539 | $1,292 |
| Aug 2023 | $256,142 | $1,360 |
| Aug 2024 | $267,721 | $1,426 |
| Aug 2025 | $275,068 | $1,462 |
| Aug 2026 | $281,813 | $1,515 |
HUD Fair Market Rent
FY2027, Penobscot County, ME (part) HUD Metro FMR Area
| Bedrooms | Studio | 1 bed | 2 bed | 3 bed | 4 bed |
|---|---|---|---|---|---|
| Fair Market Rent | $1,042 | $1,144 | $1,496 | $2,039 | $2,096 |
The 40th percentile gross rent for a standard unit, set by HUD each October and used for Section 8 payment standards. It runs below market rent; Zillow's index is shown above where it exists.
Supply
- Permits per 1,000 households
- 7.8
- 510 units, last 12 months
- National percentile
- 63th
- among US counties
Tools
Test a listing in Penobscot County against today's rate.
Open the calculatorPart of the Bangor, ME metro.
Questions
- Is Penobscot County good for rental property?
- The typical home here runs -$817 a month at 7.78% with 25% down, breaking even at about 1.2%. 0 of 3 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 5.9%. The figures use a typical home, 7.78% with 25% down and default costs shown on each ZIP page. They describe the market, not any one property.
- What is the property tax rate in Penobscot County?
- About 1.16% of value, from Census ACS median taxes paid over median home value. On a $282,000 home that is about $3,266 a year.
- What is Fair Market Rent in Penobscot County?
- HUD's FY2027 Fair Market Rent here is $1,144 for a 1-bedroom, $1,496 for a 2-bedroom and $2,039 for a 3-bedroom. Typical cash flow at today's rate is -$817 a month.
Sources and method
- Zillow Home Value Index (ZHVI), mid tier, smoothed and seasonally adjusted
Zillow Research. Read: 2026-08.
Typical home value by ZIP, county, metro and state, and the price trend.
- Zillow Observed Rent Index (ZORI), all homes plus multifamily, smoothed
Zillow Research. Read: 2026-08.
Typical market rent by ZIP, county and metro, and the rent trend (tier A pages).
- HUD Small Area Fair Market Rents, FY2026
US Department of Housing and Urban Development. Read: FY2026.
Rent by bedroom count for every ZIP. The rent used on tier B pages, and a reference on all pages. It is the 40th percentile gross rent, so it runs below market.
- HUD Fair Market Rents by county, FY2027
US Department of Housing and Urban Development. Read: FY2027.
County rent by bedroom count on county pages.
- American Community Survey 5-year estimates, 2020 to 2024 (B25103 median real estate taxes paid, B25077 median home value, B11001 households)
US Census Bureau. Read: 2020 to 2024.
Effective property tax rate (median taxes paid divided by median value) by ZIP code tabulation area, county and state; households for the permits ratio.
- Freddie Mac Primary Mortgage Market Survey, 30-year fixed (FRED series MORTGAGE30US)
Freddie Mac via the Federal Reserve Bank of St. Louis. Read: 2026-09-24.
The weekly 30-year rate. The site adds a disclosed investor premium to it for the loan payment.
- Building Permits Survey, county monthly files
US Census Bureau. Read: 2025-09 to 2026-08.
New housing units permitted in the last 12 months per 1,000 households, a supply-pressure signal.
Data: Zillow Research (ZHVI, ZORI), HUD, US Census Bureau, Freddie Mac. Every formula is on the methodology page.
Estimates from public data for a typical property. Not investment, tax or legal advice. Your property, financing and costs will differ.