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Somerset County, ME

Skowhegan

RANK #241 / 996 NAT  ·  POP 50,656

1YR FORECAST: +2.7%

5YR OUTLOOK: +31%

Our model projects above-average housing market growth for Somerset County at +2.7% over the next year.

[01] Why Somerset County?

Skowhegan, the county seat of Somerset County, Maine, is known for the Kennebec River flowing through its downtown and the annual Skowhegan State Fair, the oldest continuously running state fair in the U.S.. Located in west-central Maine, Somerset County is about a three-hour drive from Boston. The county is characterized by its mountains, forests, and waterways, including Flagstaff Lake and the Kennebec and Moose Rivers. Outdoor recreation is a significant draw, with opportunities for hiking, skiing, whitewater rafting, fishing, and snowmobiling, particularly in areas like the Moosehead Lake region and along the Kennebec River. Life in Somerset County often involves a connection to the outdoors and a sense of community. The county's economy has historically relied on logging, paper milling, and tourism. Recent economic developments include efforts to diversify the wood products industry and expand broadband infrastructure to support businesses and remote workers. Companies like New Balance have expanded their manufacturing presence in Skowhegan, and Maine Grains, a local grain processor, is also a notable employer. Several school districts serve the county, including RSU 54/MSAD 54 in Skowhegan and Maine Central Institute in Pittsfield.

[02] Market Snapshot

Housing Ratio
4.0x

Below national median (4.7x)

GDP Growth
+2.0%

Below national median

Home Prices
+2.3%

Outpacing national median

Climate & Terrain
0.5

Moderate climate & terrain

Price/Rent
15x

Above national median (13x)

Housing is fairly valued at 4.0x relative to local economic output. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    Somerset County Government Government
    500+
  2. 2
    Redington-Fairview General Hospital Healthcare
  3. 3
    Kennebec Valley Community College Education

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

[04] Home Value Growth vs National

Somerset County U.S. National

The Numbers

DEMOGRAPHICS
Population
50,656
+0.46% YoY
Median Household Income
$53,527
Median Home Value
$150,500
+2.29% 12mo
Median Rent
$849
Average Annual Pay
$55,148
+6.6% YoY
Employment
16,034
+0.2% YoY
Income-to-Home-Value
0.3557
More affordable than average
Migration Inflow
4.46%
of pop. from another state
Bachelor's Degree+
19.7%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$235,000
Days on Market
115
Slower market
Months of Supply
4.9
Balanced market
Sale-to-List Ratio
94.9%
Negotiation room for buyers
Sold Above List
22.5%
Listings w/ Price Drops
15.3%
Building Permits (2024)
118
Single-Family Permits
102

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

[05] Crime & Safety

B+
SAFETY
GRADE
Homicide Rate
2.8
per 100K · nat avg 6.3
Firearm Fatalities
18.9
per 100K · nat avg 14.8
Injury Deaths
134.6
per 100K · nat avg 76.3
vs National Average
Well below national avg
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] Score Breakdown

GDP Growth +2.0% 35 percentile
Population Growth +0.5% 50 percentile
Income Growth +12.7% 97 percentile
Vacancy Rate 0.8% 79 percentile
Home Price Change +2.3% 63 percentile
Price/Rent 15x 37 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

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

With a Boom Town Index score of 76/100, Somerset County sits in the upper half of all 996 ranked counties. and median household income stands at $53,527 — indicators that suggest solid fundamentals even if it's not among the fastest-growing counties in ME.

Is Somerset County affordable?

By national standards, Somerset County is quite affordable. Homes here have a median value of $150,500, and the income-to-home-value ratio of 0.36 is well above the U.S. average — especially with median rent at just $849/month. Residents can generally buy a home without being cost-burdened.

Is Somerset County growing or shrinking?

Population and employment in Somerset County are both close to flat — population +0.5% YoY and jobs +0.2%. Home values shifted +2.3% over the past 12 months. A steady-state county, neither expanding quickly nor shrinking.

Are people moving to Somerset County?

There's a moderate stream of newcomers. About 4.46% of residents moved from another state, which is above average and suggests Somerset County has appeal as a relocation destination — though it's not among the highest-inflow counties nationally.

[08] Similar Counties by Size & Score

Penobscot County, ME 73 Oxford County, ME 67 Aroostook County, ME 86 Androscoggin County, ME 51 Hancock County, ME 48 Kennebec County, ME 44 Coffee County, TN 76 Jefferson County, OH 76