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Somerset County, ME

RANK #442 / 996  ·  POP 50,656  ·  ME

PROJECTED GROWTH: +0.9%

Somerset County sits in the middle of the pack — stable but not accelerating.

[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] Signal Profile

[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

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 →

[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?

Somerset County has a Boom Town Index score of 56/100, ranking #442 among 996 U.S. counties. With job growth at +0.2% and a median household income of $53,527, it's an above-average county on economic indicators.

Is Somerset County affordable?

The median home value in Somerset County is $150,500 with median rent at $849/month. The income-to-home-value ratio is 0.3557, which is more affordable than the national average.

Is Somerset County growing or shrinking?

Population growth: +0.5% year-over-year. Job growth: +0.2%. Home values changed +2.3% in the past 12 months.

Are people moving to Somerset County?

Yes — 4.46% of Somerset County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

Fayette County, KY 66 Plymouth County, MA 66 Wright County, MN 66 Washington County, NY 66 Floyd County, IN 66 Kalamazoo County, MI 66 Warren County, OH 66 Nacogdoches County, TX 66