What are current home values in Penobscot, ME?

The median home value in Penobscot, ME is $342,633 as of August 2026. This represents a 0.2% decrease compared to last month and a 0.8% decrease year-over-year.

How have home values changed in Penobscot, ME?

Home values in Penobscot, ME have decreased by 0.2% month-over-month and 0.8% year-over-year.

How do home values in Penobscot, ME compare to Hancock County, Maine, and the national average?

The median home value in Penobscot, ME ($342,633) compares to: Hancock County ($422,707), Maine ($415,552), and the U.S. national median ($368,697).

Penobscot, ME Housing Market

$342,633

0.8% 1-yr

The average Penobscot, ME home value is $342,633, down 0.8% over the past year. (Updated on 8/31/2026)

What is the Zillow Home Values Index?

Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.

Learn more about the Zillow Home Value Index

Penobscot Key Takeaways

Typical Home Values: $342,633

1-Year Value Change: -0.8%

(Data through August 31, 2026)

Penobscot Housing Market Overview

1-Year Market Forecast: --

For Sale Inventory: 10 (August 31, 2026)

New Listings: 4 (August 31, 2026)

Median Sale to List Ratio: --

Median Sale Price: --

Median List Price: --

Percent of Sales Over List Price: --

Percent of Sales Under List Price: --

Median Days to Pending: --

(Metric availability is based on market coverage and data, housing data available for download in the Housing Data page)

How does this data help me?
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.

Neighborhoods in Penobscot

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Penobscot Rental Market Trends

Average Rent: --

National Average Rent: $1,948 (August 31, 2026)

Month-Over-Month Change: --

Year-Over-Year Change: --

How does this data help me?
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.