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Millinocket

Penobscot County, ME

STR Investment Grade

Transparent Scoring
A
82/100
BUY
Score Breakdown
💰Cash-on-Cash
35/35
🏠Affordability
25/25
📅Year-Round Income
5/15
🤝Landlord Friendly
5/10
📈Room to Grow
12/15
Cash-on-Cash
34.5%
Elite (20%+)
Median Home
$145K
Highly Affordable
Room to Grow
12/15
Good Headroom

STRs Generally Permitted

STRs generally allowed with standard permits

No major restrictions known. Standard registration and tax collection may be required. Check local ordinances for specific requirements.

Permit: Moderate
AI-generated regulation data · Regulations change frequently
📋 Before You Invest
Even in STR-friendly markets, confirm the details for your specific property. Call the Millinocket City Clerk or Planning & Zoning Department and ask:
1. Are short-term rentals (under 30 days) allowed at [your address]?
2. What permits or licenses are required?
3. Are there owner-occupancy requirements?
4. Any caps on rental nights per year or number of permits?
Regulation details vary by neighborhood and zoning district — always verify for your specific address.

Why Millinocket?

Rural Market

What drives short-term rental demand here

🌾
Rural & Country Market

Privacy seekers and remote workers fuel growing demand for secluded, nature-adjacent stays.

📈
Growing Market

Population and economic growth signal increasing demand and property appreciation potential.

Will This Deal Work?

Investment Grade
A
Elite (20%+)
CoC: 34.5%
Can You Pay the Bills?
YES
Income covers mortgage
THE BOTTOM LINE

Excellent opportunity! Strong cash flow potential with favorable market conditions.

💵
$254
Avg ADR
📅
35%
Occupancy
💰
$2,667
Monthly Revenue
🏠
$145K
Median Price

Market estimates · Updated Feb 2026

📊 Income by Property Size

Monthly revenue estimates by bedroom count

1BR
$1,467
2BR
$2,000
3BR
$2,667
4BR
$3,600
5BR
$4,401
6BR+
$5,201
⭐ Best

🏠 Top Amenities for This Market

Add these to boost your revenue

MUST HAVEHot Tub
+20%
HIGH IMPACTFire Pit
+12%
HIGH IMPACTPrivacy/Seclusion
+15%
HIGH IMPACTOutdoor Space
+10%
NICE TO HAVEGame Room
+14%

🎯 Your Next Steps

1
Search for 6BR+ properties
Best income potential at $5,201/month
2
Add a Hot Tub
Boost revenue by +20%
3
Target $3,334/month
Top 25% performer income goal

📋 Regulation Status

LegalPermit: Moderate

Regulations vary by city and county. Always verify local STR ordinances, permit requirements, and zoning laws before purchasing.

Research Comparable Listings

See active short-term rentals in this market

View Listings on Airbnb

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Take the Next Step

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📊

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Free STR calculator with comp data for any address

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Millinocket, Maine is rated A for Airbnb investment with a score of 82/100 (BUY). The market has an average daily rate (ADR) of $254, 35% occupancy, and estimated monthly STR revenue of $2,667. Median home value is $145,299 with a cash-on-cash return of 34.5%. STR regulation status: Legal. Data powered by Edge by Teeco using estimated market data.