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Hancock County, ME

Ellsworth

RANK #511 / 996 NAT  ·  POP 55,851

1YR FORECAST: +0.3%

5YR OUTLOOK: +23%

Hancock County's housing market is projected to grow +0.3% over the next year, below the national average.

[01] Why Hancock County?

Hancock County, Maine, is defined by its rugged coastline and the presence of Acadia National Park, which covers a significant portion of Mount Desert Island. This island, often referred to by locals as "MDI," is home to towns like Bar Harbor, a popular tourist destination, and quieter communities such as Northeast Harbor and Seal Harbor. The county, located in southeastern Maine, is about 50 miles southeast of Bangor, the nearest major city. Commuting within the county and to nearby areas is facilitated by Downeast Transportation, which offers year-round bus services and a seasonal shuttle for Acadia National Park. The landscape features granite peaks, including Cadillac Mountain, the highest point on the U.S. Atlantic coast, and Somes Sound, a fjord-like inlet. Outdoor recreation opportunities are extensive, with over 120 miles of hiking trails, 45 miles of carriage roads for biking, kayaking, and fishing in numerous lakes and coastal waters.

Life in Hancock County blends a connection to nature with community-oriented living. The public schools in the county are rated above average. Ellsworth, the county seat, serves as a commercial hub and has seen recent growth in housing development. The economy is driven by tourism, commercial fishing, and institutions like Jackson Laboratory in Bar Harbor, known for cancer research. Renewable energy projects, such as the Three Rivers solar facility, also contribute to the economic landscape. While many residents own their homes, the area attracts retirees and remote workers drawn to the natural amenities and community feel.

[02] Market Snapshot

Housing Ratio
4.9x

Above national median (4.7x)

GDP Growth
+2.0%

Below national median

Home Prices
-0.8%

Prices declining

Climate & Terrain
1.9

Moderate climate & terrain

Price/Rent
22x

Prices detached from rents

Housing is fairly valued at 4.9x relative to local economic output. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    Jackson Laboratory Healthcare
    1,000+
  2. 2
    Northern Light Maine Coast Hospital Healthcare
    500+
  3. 3
    Mount Desert Island Hospital Healthcare
    250+
  4. 4
    Hannaford Bros. Co. Retail
  5. 5
    Hancock Lumber Other
  6. 6
    Hinckley Company Manufacturing
    1
  7. 7
    Hancock County Government Government
  8. 8
    Maine Maritime Academy Education
  9. 9
    College of the Atlantic Education

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[04] Home Value Growth vs National

Hancock County U.S. National

The Numbers

DEMOGRAPHICS
Population
55,851
+0.78% YoY
Median Household Income
$64,149
Median Home Value
$250,900
-0.77% 12mo
Median Rent
$949
Average Annual Pay
$53,780
+4.5% YoY
Employment
23,631
+1.6% YoY
Income-to-Home-Value
0.2557
More affordable than average
Migration Inflow
2.7%
of pop. from another state
Bachelor's Degree+
36.6%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$424,000
Days on Market
77
Slower market
Months of Supply
8.0
Buyer's market
Sale-to-List Ratio
93.9%
Negotiation room for buyers
Sold Above List
13.8%
Listings w/ Price Drops
15.5%
Building Permits (2024)
259
Single-Family Permits
245

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Crime & Safety

C+
SAFETY
GRADE
Firearm Fatalities
13.7
per 100K · nat avg 14.8
Injury Deaths
108.7
per 100K · nat avg 76.3
vs National Average
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Air Quality

B
AIR QUALITY
GRADE
Median AQI (3yr)
36.7
Good
Good Air Days
88%
964 of 1,091 days
Unhealthy+ Days (3yr)
4
Sensitive groups affected
Primary Pollutant
Ozone
Ground-level ozone
Yearly Trend
2021
36
2022
36
2023
38
Median AQI · lower is better

Source: EPA Air Quality System (2021–2023). Grade based on 3-year average median AQI. Learn about AQI →

[07] Score Breakdown

GDP Growth +2.0% 34 percentile
Population Growth +0.8% 64 percentile
Income Growth +6.3% 10 percentile
Vacancy Rate 0.8% 70 percentile
Home Price Change -0.8% 23 percentile
Price/Rent 22x 4 percentile

Bars show percentile rank among all 996 counties.

[08] Frequently Asked Questions

Is Hancock County, ME a good place to move to?

Hancock County scores 48/100 on the Boom Town Index, landing in the middle of the pack among 996 U.S. counties (#511). Median household income is $64,149 and job growth is running at +1.6%. The data points to a county with mixed signals — some positive indicators alongside areas that lag faster-growing peers.

Is Hancock County affordable?

Housing in Hancock County is roughly in line with national affordability norms. The median home costs $250,900 and the income-to-home-value ratio sits at 0.26, with rents averaging $949/month. Not a bargain, but not a stretch for most local earners either.

Is Hancock County growing or shrinking?

Hancock County is growing on multiple fronts. Population is up +0.8% year-over-year while employers added jobs at a +1.6% clip. Home values shifted -0.8% in the past year.

Are people moving to Hancock County?

There's a moderate stream of newcomers. About 2.7% of residents moved from another state, which is above average and suggests Hancock County has appeal as a relocation destination — though it's not among the highest-inflow counties nationally.

[09] Similar Counties by Size & Score

Androscoggin County, ME 51 Kennebec County, ME 44 York County, ME 39 Oxford County, ME 67 Penobscot County, ME 73 Somerset County, ME 76 Clallam County, WA 48 Franklin County, VT 47