Central Hancock UT Maine Area Home Supply Charts

This page looks at a variety of Central Hancock UT Maine housing market data taken from the most recent 2019 American Community Survey census data. Housing units are structures such as a single family home, apartment community, mobile home park, public housing, etc. where a person or family live and live separately from other residents of the building. Figure 1 shows the total number of housing units for each city. Central Hancock UT shows it has a housing units of 170 which is the smallest when ranked by housing units of all the other places in the local area.

Figure 2 illustrates the housing density in the Central Hancock UT housing market as measured by housing units per square land mile (includes single family homes, apartments, etc.) Central Hancock UT shows it has a housing density of 11.2 which is the smallest when sorted by housing density of all the other places in the area. The city with the highest housing density in the area is Bar Harbor CDP which depicts a density of 506.1 ( considerably bigger). Comparing housing density to the United States average of 38.6, Central Hancock UT is approximately a third the size. Also, benchmarked against the state of Maine, housing density of 24.0, Central Hancock UT is approximately half the size.

In Figure 4, Central Hancock UT area change in the number of housing units and is a forward gauge (along with population change) for any potential housing shortage. Central Hancock UT depicts it has a change in the housing units of 75.3% which is more than all other places in the greater Central Hancock UT region. Comparing change in the housing units to the United States average of 4.9%, Central Hancock UT is markedly bigger. Also, in comparison with the state of Maine, change in the housing units of 2.4%, Central Hancock UT is substantially bigger.

Figure 5 shows the percentage of rental property based on that they are occupied by renters as a percent of the total number of households in the community (including homes, apartments, etc.) Central Hancock UT depicts it has a renter percent of 29.7% which is the smallest as measured by renter percent of all the other places in the metropolitan area. Figure 6 illustrates the total number of housing units that are occupied by owners. it has an owner percent of 70.3% which is at the top of all other places in the greater Central Hancock UT region.

Central Hancock UT Maine Home Cost Charts

Looking at the housing data provided in Figure 7, the average Central Hancock UT home price is illustrated for this community and a useful analysis of affordable housing. Central Hancock UT shows it has a median home price of $116,700 which is the smallest when ranked by median home price of all the other places in the greater region. The city with the highest median home price in the area is Blue Hill CDP which depicts a home price of $277,100 (approximately 2.4 times bigger). Figure 8 provides aggregate comparative data for the Central Hancock UT Maine metro area in terms of the median housing rental rate, apartment rent, etc. Central Hancock UT shows it has a rental rates of $625 which is the second smallest as measured by rental rates of all the other places in the local area. The city with the highest rental rates in the area is Bar Harbor CDP which shows a rental rates of $831 (33.0% larger). Comparing rental rates to the United States average of $1,023, Central Hancock UT is approximately three-fourths the size. Also, compared with the state of Maine, rental rates of $831, Central Hancock UT is approximately three-fourths the size.

Figure 9 provides the frequency distribution of home prices for the area and is useful for understanding affordable housing fund. Central Hancock UT has the largest proportion of home price worth less than $50,000 at 23% of the total and is ranked #1. Second, it has the largest proportion of home price worth between $50,000 to $100,000 at 15% of the total and is ranked #1. Third, it has the second smallest as measured by home price worth less than $50,000 of all the other places in the metro area when sorted by home price worth between $200,000 to $300,000 at 13% of the total.

Median owner costs for the real estate market are shown in Figure 10 and include the costs associated with any mortgage, utility expenses, insurance, and other miscellaneous costs. Central Hancock UT shows it has a median ownership cost of $350 which is the smallest as measured by median ownership cost of all the other places in the area. Figure 11 shows the median amount of cost as a percent of total household income for people who own homes in the Central Hancock UT metro area. it has a cost as a percent of household income of 16% which is less than most other places in the metropolitan area. The next chart, Figure 12, provides a comparison chart of the median home cost as a percent of a median worker take home earnings and is thus a valuable measure of affordable housing. Central Hancock UT shows it has a median home value as a percent of median worker earnings of 269% which is the smallest as measured by median home value as a percent of median worker earnings of all the other places in the metro area.

Figure 14 depicts the median cost of housing for owners with also have a mortgages (versus those who do not have a mortgage because mortgage cost is included.) Central Hancock UT depicts it has a median housing cost of $1,188 which is the second smallest as measured by median housing cost of all the other places in the metro area. Figure 15 is a chart that shows the median housing costs for owners who do not have mortgages (and therefore the cost of home ownership does not include mortgage cost.) it has a median housing cost of $221 which is the smallest when sorted by median housing cost of all the other places in the local area.

Figure 16 shows the distribution in total housing cost for owners of property (so not renters.) This cost includes mortgages, lines of credit interest, utilities, taxes, insurance, etc. Central Hancock UT has the largest proportion of owner cost less than $300 at 44% of the total and is ranked #1. Second, it has one of the largest proportions of owner cost between $300 and $500 at 23% of the total and is ranked #2. The only larger city being Winter Harbor CDP with 30%. Third, it has the smallest proportion of owner cost between $500 and $700 at 8% of the total. Also, it has the smallest proportion of owner cost between $700 and $1,000 at 8% of the total.

Next shown in Figure 17 is the housing cost as a percent of household income for people who own their homes and have a mortgages (thus the cost of financing the home is included.) Central Hancock UT shows it has a cost as a percent of household income of 18% which is the second smallest when ranked by cost as a percent of household income of all the other places in the metropolitan area. The city with the highest cost as a percent of household income in the area is Bar Harbor CDP which shows a cost as a percent of household income of 43% (approximately 2.4 times bigger). Housing cost as a percent of household income for owners who do not have a mortgage is shown in Figure 18. This analysis can be useful for understanding the affordable housing for home ownership excluding any financing cost in the area shown. Central Hancock UT depicts it has a cost as a percent of household income of 10% which is less than most other places in the greater region. The city with the highest cost as a percent of household income in the area is Bucksport CDP which shows a cost as a percent of household income of 16% (57.1% larger).

Figure 19 looks at the cost of rent for rental property using the percent of total household income which is a valuable measure of financial health for the area. (The higher the proportion of rent payments to total household income is a sign of greater financial stress. Also, rent can be covered by rent assistance and rent assistance programs in the form of rent assistance.) Central Hancock UT has the largest proportion of rent as a percent of income is between 10pct to 20pct at 41% of the total and is ranked #1. Second, it has in the center range of other places in the metro area when ranked by rent as a percent of income is over 50pct at 23% of the total.

Figure 20 shows the total housing cost for both home owners and apartment community renters in the area. Central Hancock UT has the largest proportion of housing cost less than $300 at 31% of the total and is ranked #1. Second, it has the largest proportion of housing cost between $300 and $500 at 23% of the total and is ranked #1. Third, it has the smallest proportion of housing cost between $500 and $700 at 8% of the total.

Figure 21 shows median amount of real estate taxes paid for home owners in the region. it has a median real estate taxes paid of $300 which is the smallest as measured by median real estate taxes paid of all the other places in the greater region. The city with the highest median real estate taxes paid in the area is Bar Harbor CDP which shows a taxes paid of $3,074 ( very much bigger). Comparing median real estate taxes paid to the United States average of $2,375, Central Hancock UT is approximately an eigth the size. Also, in contrast to the state of Maine, median real estate taxes paid of $2,515, Central Hancock UT is approximately an eigth the size.

Figure 22 shows the percentage of renters who pay for utilities in Central Hancock UT Maine. This is calculated as the percent of renters who pay separately for utilities versus the people who have utilities included as part of amenities. Central Hancock UT has the percentage of pay extra for utilities less than most other places in the local area at 64% of the total. Second, it has one of the largest proportions of utilities included in rent at 36% of the total and is ranked #3. Only #2 Blue Hill CDP (38%), and #1 Bar Harbor CDP (43%) are larger.

Figure 23 shows the rental rate distribution for this area. Central Hancock UT Maine has the largest proportion of rent between 300 and 500 dollars at 32% of the total and is ranked #1. Second, it has the second smallest as measured by rent less than 300 dollars of all the other places in the local area when ranked by rent between 500 and 750 dollars at 9% of the total.

Central Hancock UT Maine Home Financing Charts

The analysis in Figure 25 shows the detailed distribution of owned homes by mortgage status. Central Hancock UT has the percentage of with mortgage the second smallest when ranked by with mortgage of all the other places in the greater region at 37% of the total. Second, it has the smallest proportion of 2nd mortgage or heloc-not both at 8% of the total. Third, it has the second smallest in terms of with mortgage of all the other places in the greater region when sorted by with heloc at 4% of the total. Also, it has less than most other places in the metro area as measured by no 2nd mortgage and no heloc at 29% of the total. In addition, it has one of the largest proportions of no mortgage at 63% of the total and is ranked #2. The only larger city being Bar Harbor CDP with 65%.

Figure 26 shows the proportion of houses with a mortgage versus those without a mortgage. Central Hancock UT has the percentage of houses with mortgages the second smallest in order of houses with a mortgage of all the other places in the greater region at 37% of the total. Second, it has one of the largest proportions of houses without mortgages at 63% of the total and is ranked #2. The only larger city being Bar Harbor CDP with 65%.

Central Hancock UT Maine Home Characteristics Charts

The next section of charts provide a wide range of metrics related to the housing market physical characteristics which can be useful for a real estate investor. Figure 27 looks at the number of people living in a typical house in the real estate market starting with the average household size (families and non families). Central Hancock UT has the largest proportion of housing density at 2.5 of the total and is ranked #1. Figure 28 shows the household size for families living in the area and it has a family members per housing unit of 3.4 which is more than all other places in the greater Central Hancock UT region. Comparing family members per housing unit to the United States average of 3.3, Central Hancock UT is only about 3.0% larger. Also, benchmarked against the state of Maine, family members per housing unit of 3.0, Central Hancock UT is 16.1% larger.

Figure 29 show the median number of rooms in a typical home for each location in this area. it has an average number of rooms in a house of 4.9 which is less than most other places in the surrounding region. The city with the highest average number of rooms in a house in the area is Bucksport CDP which depicts an average number of rooms in a house of 5.5 (12.2% larger). Figure 30 shows, for the average house in each location, the median year that a house was built. This can be useful for understanding the relative age of one neighborhood versus another for a real estate investor. it has a year built of 1996 which is the largest of all places in the greater region.

Figure 31 looks at the distribution of housing units by the median age that the homes were built. it has the largest proportion of homes built in 2014 or later at 6% of the total and is ranked #1. Second, it has one of the largest proportions of homes built between 2010 to 2013 at 4% of the total and is ranked #2. The only larger city being Bucksport CDP with 5%. Third, it has the largest proportion of homes built between 2000 to 2009 at 34% of the total and is ranked #1. Also, it has the second smallest as measured by homes built in 2014 or later of all the other places in the greater region when ranked by homes built between 1950 to 1959 at 4% of the total. In addition, it has the smallest proportion of homes built between 1940 to 1949 at 1% of the total. Furthermore, it has the smallest proportion of homes built between 1939 or earlier at 7% of the total.

Figure 32 shows the difference in the number of housing units based on whether they are occupied by owners versus occupied by renters. has the smallest proportion of owner housing units at 52 of the total. Second, it has the smallest proportion of renter housing units at 22 of the total.

Figure 33 shows the difference in the number of housing units based on whether they are occupied by owners or renters. it has the largest proportion of one unit detached at 84% of the total and is ranked #1. Second, it has the smallest proportion of 2 units at 1% of the total. Third, it has the largest proportion of mobile home at 14% of the total and is ranked #1.

Figure 34 shows the median value of homes broken down by the median year that the homes were built. has the percentage of value of homes built 2000 to 2009 less than most other places in the local area at $165,600 of the total. Second, it has less than most other places in the local area in order of value of homes built 1990 to 1999 at $95,000 of the total.

Figure 35 compares the total number of occupied housing units to vacant housing units. This analysis can be used to understand any housing shortage in the community. has the percentage of occupied housing units the second smallest in terms of occupied housing units of all the other places in the greater region at 44% of the total. Second, it has one of the largest proportions of vacant housing units at 56% of the total and is ranked #2. The only larger city being Winter Harbor CDP with 66%.

The next two charts show both the average household size of homeowners versus the average household size of renters. Starting with Figure 36 we see the household size of homeowners for Central Hancock UT residents. it has a homeowner household size of 2.5 which is the third most homeowner household size of all other places in the greater Central Hancock UT region. The city with the highest homeowner household size in the area is Brewer which shows a homeowner household size of 2.8 (10.0% larger).

Figure 37 shows the household size for renters. Central Hancock UT depicts it has a renter household size of 2.5 which is the most of all places in the greater Central Hancock UT region. Figure 38 shows the year that people who own homes moved into this region. it has the largest proportion of owners moved in 2017 or later at 12% of the total and is ranked #1. Second, it has the second smallest in terms of owners moved in 2017 or later of all the other places in the surrounding region when sorted by owners moved in 2015 to 2016 at 2% of the total. Third, it has one of the largest proportions of owners moved in 2000 to 2009 at 35% of the total and is ranked #2. The only larger city being Brewer with 40%. Also, it has the smallest proportion of owners moved in 1990 to 1999 at 4% of the total. In addition, it has one of the largest proportions of owners moved in 1989 or earlier at 25% of the total and is ranked #2. The only larger city being Winter Harbor CDP with 26%. Figure 39 shows the year that people who rent moved into the area. Central Hancock UT has the smallest proportion of renters moved in 2017 or later at 4% of the total. Second, it has less than most other places in the local area when sorted by renters moved in 2015 to 2016 at 18% of the total. Third, it has the largest proportion of renters moved in 2010 to 2014 at 78% of the total and is ranked #1.

Figure 40 compares the median year that home owners moved into their home. it has a median year that a home owner moved in of 2004 which is more than all other places in the greater Central Hancock UT region. Figure 41 compares the median year that renters moved into their home. Central Hancock UT shows it has a median year that a renter moved in of 2015 which is the largest of all places in the greater Central Hancock UT region.

Figure 42 shows the frequency distribution of various types of energy sources used for homes in the community. has the percentage of home using bottled, tank, or lp gas less than most other places in the surrounding region at 8% of the total. Second, it has the smallest proportion of home using electricity at 5% of the total. Third, it has the largest proportion of homes using kerosene or other fuel oils at 69% of the total and is ranked #1. Also, it has the largest proportion of homes using wood at 18% of the total and is ranked #1.