Medway, Maine 

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Population

1,326

31% Decline

Unemployment Rate

11.1%

Median Income

$42,222

Avg. Home Price

$69,100

Best Places to Live in Medway, Maine

Small city / college town - Central Maine along the Penobscot River, about 30 miles north of the Atlantic Ocean
Pros
-Outdoor recreation
-Attractive setting
-Nearby university
Cons
-Low job growth
-Isolation
-Harsh winters

Find your Best Mortgage in Medway: Fixed Rate, Adjustable Rate, 30 years, 15 years

What Bert Has To Say About Bangor Metro Area

Bangor is the gateway to the “north country” and a fairly prosperous lumber, paper, and shipping center and the navigable terminus of the Penobscot River in east-central Maine. The areas to the north are wooded wilderness. The rugged shore area is 30 miles to the south, and the “Down East” coast to the northeast is a vast, unpopulated area of classic New England coastline with fishing and other recreational sites. Acadia National Park is on an island 40 miles to the south. Old Town, on a river island 10 miles north, is home to the University of Maine and the Old Town Canoe Company, a business befitting to the area.


QUICK FACTS

Real Estate: For Sale  For Rent
Country: United States
State: Maine
County: Penobscot County
Metro Area: Bangor Metro Area
City: Medway
Zip Codes: 04460
Time zone: Eastern Standard Time (EST)
Elevation: 110 ft above sea level

Highlights

ECONOMY
The unemployment rate in Medway is 11.1% (U.S. avg. is 5.2%). Recent job growth is Negative. Medway jobs have decreased by 4.06%. Learn More...
COST OF LIVING
Compared to the rest of the country, Medway's cost of living is 15.00% lower than the U.S. average. Learn More... or Compare Medway's Cost of Living
POPULATION
Medway's population is 1,326 people. Since 2000, it has had a population growth of -31.01%. Learn More...
TRANSPORTATION
Average Commute time is 32 minutes. The National Average is 26 minutes. Learn More...
REAL ESTATE
The median home cost in Medway is $69,100. Home appreciation the last 10 years has been -5.06%. Check out the homes in the area.
SCHOOLS
Medway public schools spend $26,491 per student. The average school expenditure in the U.S. is $12,383. There are about 12.4 students per teacher in Medway. Learn More...

Best Places to Live in Medway Rankings


Housing Market in Medway

It's not a good time to buy in Medway. Home Appreciation is down -0.9% in the last 12 months. Browse Medway Real Estate.

The median home price in Medway is $69,100. Browse Homes in this Range.


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Compare Medway, Maine to any other place in the USA.

MAPS OF MEDWAY, MAINE
Medway,Maine Map

ZIP CODES IN MEDWAY, MAINE
04460