The Town FilesCarrabassett Valley, Maine
Town in Franklin County · population 673 (2020 Census)
- Median home
- $343,600
- Household income
- $88,750
- Jan low / Jul high
- 4° / 77°
- Snow a year
- 81 in
- Tornadoes ≤10 mi since 1950
- 1
- Median age
- 59.8
Carrabassett Valley is a town of 673 people in Franklin County, Maine. The median home is worth $343,600, above the typical Maine town ($238,950). It ranks better for a vacation home than 90% of Maine towns, better for retirees than 86% of Maine towns, hipper than 84% of Maine towns.
How Carrabassett Valley ranks
Percentile among Maine towns with at least 500 people on The Town Files lifestyle rankings. 50 is typical for the state; 90 means better than 90% of Maine towns.
Homes and cost of living
The median home in Carrabassett Valley is worth $343,600, above the typical Maine town ($238,950). Homes cost about 3.9 times the median household income of $88,750, which is more affordable than 36% of Maine towns. 94.5% of households own their home.
| Housing | Carrabassett Valley | Typical Maine town |
|---|---|---|
| Median home value | $343,600 | $238,950 |
| Median rent | — | $1,027 |
| Median household income | $88,750 | $68,967 |
| Home value ÷ income | 3.9× | 3.4× |
| Homeownership | 94.5% | 82.4% |
| Median year built | 1985 | 1978 |
| Seasonal / vacation homes | 81.5% | — |
Who lives in Carrabassett Valley
| People | Carrabassett Valley | Typical Maine town |
|---|---|---|
| Median age | 59.8 | 46.9 |
| Age 65 and over | 42.7% | 22.9% |
| Under 18 | 7.8% | — |
| Bachelor's degree or higher | 78.0% | 28.2% |
| Below the poverty line | 4.0% | 10.7% |
| Veterans | 17.0% | — |
| Born outside the U.S. | 0.5% | — |
| Work from home | 20.5% | 12.3% |
| Average commute | 13.6 min | 25.5 min |
| Homes with broadband | 82.6% | 90.0% |
Weather in Carrabassett Valley
July highs average 76.7°F and January lows 4.3°F. About 43.0 inches of rain and melted snow fall a year, with 81.4 inches of snow (typical Maine town: 77.2 in). Expect about 1 days a year at 90°F or hotter and 191 nights at or below freezing.
Tornadoes, storms and disasters
1 tornado has passed within 10 miles of Carrabassett Valley since 1950, compared with 2 for the typical Maine town. The strongest, an F1, struck on July 23, 1978 about 9.5 miles from the town center. The most recent was on July 23, 1978.
Hail of 1 inch or larger has been reported within 10 miles 5 times; the largest was 2.75 inches on June 1, 2011.
Severe weather in Franklin County since 1996
Franklin County has been included in 33 federal disaster or emergency declarations since 1953, most often for flood, freezing, hurricane.
| Declared | Incident | Declaration |
|---|---|---|
| January 30, 2024 | Severe Storm | DR-4754: Severe Storm And Flooding |
| September 14, 2023 | Hurricane | EM-3598: Hurricane Lee |
| September 5, 2023 | Flood | DR-4736: Severe Storm And Flooding |
| July 6, 2023 | Flood | DR-4719: Severe Storm And Flooding |
| March 22, 2023 | Severe Storm | DR-4696: Severe Storm And Flooding |
Jobs and pay in Franklin County
Franklin County had 10,518 jobs in 2024, paying an average of $48,419 a year. Unemployment was 3.5% in 2023; in Carrabassett Valley itself the ACS puts it at 1.7%.
Towns near Carrabassett Valley
- Kingfield, ME7.2 mi · 960 people · home $194,300
- Kingfield, ME9.2 mi · 640 people · home $174,800
- Eustis, ME14.0 mi · 641 people · home $262,200
- New Portland, ME15.1 mi · 765 people · home $176,000
- Phillips, ME16.1 mi · 898 people · home $190,800
- Embden, ME19.2 mi · 902 people · home $173,400
- Strong, ME19.5 mi · 1,122 people · home $183,900
- Bingham, ME19.5 mi · 716 people · home $104,500
Carrabassett Valley questions
Is Carrabassett Valley, Maine a good place to retire?
On The Town Files lifestyle rankings, Carrabassett Valley scores better for retirees than 86% of Maine towns and quieter than 81%. 42.7% of residents are 65 or older (median age 59.8).
How much does a house cost in Carrabassett Valley?
The median owner-occupied home in Carrabassett Valley is valued at $343,600 (Census ACS 2020–2024), against a median household income of $88,750, so homes cost about 3.9 times income. Median rent is — a month.
What is the weather like in Carrabassett Valley?
July highs average 76.7°F and January lows 4.3°F (NOAA 1991–2020 normals). It gets about 43.0 inches of precipitation a year and 81.4 inches of snow.
Does Carrabassett Valley get tornadoes?
1 tornado has passed within 10 miles of Carrabassett Valley since 1950 (NOAA Storm Events); the strongest was a F1 on July 23, 1978. The typical Maine town has had 2.
- U.S. Census Bureau, American Community Survey 5-year estimates (2020–2024)
- U.S. Census Bureau, 2020 Census and 2025 Gazetteer (2020 / 2025)
- NOAA NCEI U.S. Climate Normals (1991–2020)
- NOAA NCEI Storm Events Database (1950–2026)
- FEMA OpenFEMA Disaster Declarations (this product uses the FEMA OpenFEMA API but is not endorsed by FEMA) (1953–2026)
- NCES Common Core of Data (2023–24)
- BLS Quarterly Census of Employment and Wages; USDA ERS county unemployment (BLS LAUS) (2000–2024)
- The Town Files lifestyle rankings, built from federal demographic, school, crime and housing data (2025)