Maine / County

Moving to Peaks Island, ME

Thinking of making a move to Peaks Island, ME? Get helpful local information about living costs, neighborhoods, schools, weather, housing, DMV details, and practical relocation details before you plan your move.

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Everything You Should Know Before Moving to Peaks Island, ME

Considering a move to Peaks Island, ME? This welcoming community of 950 residents offers a blend of suburban charm and convenience, with median home prices around $615,000 and average rents near $1,950. Commute times average 37 minutes and public transport is accessible, making it great for professionals. The area boasts low violent crime, strong schools, and plenty of sunny days (57% annually), ideal for families and commuters alike. Explore Peaks Island's cost of living, education, and friendly neighborhoods to see if it's the right fit for your next move.

Demographics - Peaks Island, ME

Peaks Island has a population of 950 residents, offering a diverse community with a median age of nearly 54 and a balanced gender ratio. The area features a strong blend of backgrounds, with about 96% White, 1% Black, and 1% Asian residents, and over 4% speaking a language other than English at home. Its high population density contributes to a lively suburban atmosphere.

Population
950
Density
690 per sq mi
Median Age
54.2
Gender Ratio
95 males per 100 females
Non-English Speakers Percentage
4.3%

Ethnic Composition

White
96.2%
Black
0.8%
Asian
1.1%
Others
1.9%

Cost Of Living

What is the average cost of living in Peaks Island, ME?

The cost of living in Peaks Island is higher than the national average, with a cost of living index of 132.0. Median home values are around $615,000 and average rents for a two-bedroom apartment are approximately $1,950. Utilities, groceries, and transportation costs are also elevated, reflecting the area's desirable location and amenities.

Median House Value
$615,000
Gross Rent
$1,950
Monthly Electricity Charges
$120
Auto Insurance
$1,020
House Owner Cost With Mortgage
$2,520
House Owner Cost Without Mortgage
$850
State Taxes
Low: 5.8%| High: 7.15%
Cost Of Living Index
132.0
Grocery
115.4
Housing
148.0
Utilities
117.3
Transportation
112.0
Health Care
104.2
Miscellaneous
108.0

Crime

Is Peaks Island, ME a safe place to live?

Peaks Island is considered a safe community, with a low violent crime rate of 78 incidents per 100,000 residents and a property crime chance of 1 in 85. Most residents enjoy peace of mind, making it an attractive choice for families. The crime index remains below many urban areas in Maine.

Violent Crimes Per 100k
78
Property Crimes Per 100k
1,180
Crime Index
1,258
Chance Of Violent Crime
1 in 1,282
Chance Of Property Crime
1 in 85

Weather

What is the weather like in Peaks Island, ME year-round?

Peaks Island experiences four distinct seasons, with warm summers reaching highs of 78°F and cold winters dipping to 17°F. The area receives about 48 inches of rainfall annually and enjoys sunshine on 57% of days. This climate offers residents a balanced mix of outdoor opportunities year-round.

Winter

Min
17°F
Max
35°F

Summer

Min
58°F
Max
78°F

Spring

Min
38°F
Max
58°F

Fall

Min
40°F
Max
62°F
Average Rainfall Inches
48.2 inches
Sunny Days Percentage
57%

Neighbors

The neighborhood boasts a healthy median household income of $78,500 and a low poverty rate of 7.9%. Over 97% of residents have at least a high school diploma, and nearly 55% hold a bachelor's degree or higher. Commute times average 37 minutes, and almost 11% use public transportation, reflecting the area's accessibility and educated population.

Median Income
$41,000
Household Income
$78,500
Family Income
$92,000
Per Capita Income
$49,500
Income Male
$54,500
Income Female
$45,000
Poverty Rate
7.9%
Non English Speakers
4.3%
Rent
$1,950
Unemployment Rate
4.2%
Public Transport Usage
10.7%
Commute Time
37.1 minutes

Education

High School or Higher
97.4%
Bachelors or More
54.8%

Education

How are the schools in Peaks Island, ME?

Peaks Island offers quality education options, with public schools like Peaks Island Elementary School known for favorable student-to-teacher ratios. Families also have access to private schools and several nearby colleges, including University of Southern Maine and Maine College of Art & Design. The community is committed to educational excellence for all age groups.

Public Schools

Name
Peaks Island Elementary School
Street
4 Church Ave
Phone
207-874-8228
Students
60
Student Teacher Ratio
10.5

Private Schools

Name
Waynflete School
Street
360 Spring St, Portland, ME
Phone
207-774-5721
Students
550

Colleges

Name
University of Southern Maine
City
Portland
State
ME
Distance
5 miles
Students
8,000
Name
Maine College of Art & Design
City
Portland
State
ME
Distance
5 miles
Students
500

Healthcare

Peaks Island residents have access to quality healthcare, with major hospitals like Maine Medical Center and Northern Light Mercy Hospital nearby. The community benefits from a high physician-to-resident ratio of 2.9 per 1,000 people and 94.5% health insurance coverage. Local healthcare services are reliable and comprehensive.

Major Hospitals

Name
Maine Medical Center
Address
22 Bramhall St, Portland, ME 04102
Phone
(207) 662-0111
Type
General & Surgical
Emergency Services
Yes
Name
Northern Light Mercy Hospital
Address
175 Fore River Pkwy, Portland, ME 04102
Phone
(207) 879-3000
Type
General & Surgical
Emergency Services
Yes

Healthcare Access

Physicians Per 1000
2.9
Health Insurance Coverage
94.5%
Health Care Index
78.3

Housing Market

What is the housing market like in Peaks Island, ME?

The local housing market is strong, with a median home price of $615,000 and an owner-occupied rate of nearly 68%. The market has seen a 7.1% appreciation over the past year, and rental vacancy rates remain moderate at 5.8%. Peaks Island offers a mix of stability and opportunity for both buyers and renters.

Median Home Price
$615,000
Average Rent For 2 Bedroom
$1,950
Owner Occupied Rate
68.2%
Rental Vacancy Rate
5.8%
Home Appreciation Rate (1yr)
7.1%
New Construction Rate
1.2%
Foreclosure Rate
0.3%

DMV Information

Residents of Peaks Island handle vehicle services through the Maine Bureau of Motor Vehicles, conveniently located in Augusta. The state DMV provides driver licensing, vehicle registration, and other essential services both in person and online. Information and resources are easily accessible for new and existing residents.

State
Maine
Department
Maine Bureau of Motor Vehicles
Address
101 Hospital St, Augusta, ME 04330
Phone
207-624-9000

Disclaimer: The information provided on this page is based on publicly available sources including AccuWeather, U.S. Census Bureau, local government data, and third-party partners such as Neustar. While we strive to ensure accuracy, all data is provided “as is” and should be independently verified before making any decisions. Movers.com makes no guarantees regarding the completeness or reliability of the information.

FAQs About Moving to Peaks Island, ME

Answers use the same city data shown on this page, including costs, housing, schools, safety, weather, healthcare, and DMV details.

Before moving to Peaks Island, review the core fields on this page: population 950, median home value $615,000, average rent for 2 bedroom $1,950, commute time 37.1 minutes, and sunny days percentage 57%.

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