Lake Arrowhead, ME Profile: Facts & Data

The primary coordinate point for Lake Arrowhead is located at latitude 43.6637 and longitude -70.7348 in York County. The formal boundaries for the Lake Arrowhead Census Designated Place encompass a land area of 5.21 sq. miles and a water area of 1.17 sq. miles. York County is in the Eastern time zone (GMT -5).

The Lake Arrowhead Census Designated Place has a U1 Census Class Code which indicates a census designated place with an official federally recognized name. It also has a Functional Status Code of "S" which identifies a statistical entity.

The Lake Arrowhead Census Designated Place is located within Town of Waterboro, a minor civil division (MCD) of York County.

A Census Designated Place (CDP) is a statistical counterpart to a self-governing (incorporated) place such as a city, town, or village. A CDP is not a legal entity and has no governmental functions.

Lake Arrowhead, ME Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	3,177 (100%)
Population in Households	3,177 (100.0%)
Population in Families	2,523 (79.4%)
Population in Group Quarters¹	0
Population Density	609
Diversity Index²	18


INCOME
Median Household Income	$83,590
Average Household Income	$91,014
% of Income for Mortgage⁴	24%
Per Capita Income	$33,031
Wealth Index⁵	61
Socioeconomic Status Index⁶	Moderate (53.6)

HOUSING
Total HU (Housing Units)	1,368 (100%)
Owner Occupied HU	1,097 (80.2%)
Renter Occupied HU	56 ( 4.1%)
Vacant Housing Units	215 (15.7%)
Median Home Value	$314,247
Average Home Value	$323,519
Housing Affordability Index³	102

HOUSEHOLDS
Total Households	1,153
Average Household Size	2.76
Family Households	887
Average Family Size	3.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

Lake Arrowhead, ME - Peer Comparisons by Rank and Percentile

The table below compares Lake Arrowhead to the other 155 incorporated cities, towns and CDPs in Maine by rank and percentile using July 1, 2024 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	-0.11%	-0.34%
Households	0.39%	0.17%
Families		0.29%
Median Household Income		1.93%
Per Capita Income		2.94%
Owner Occupied HU		0.27%

Variable Description	Rank	Percentile
Total Population	# 44	72nd
Population Density	# 57	64th
Median Household Income	# 38	76th
Housing Affordability Index	# 91	59th
Per Capita Income	# 113	28th
Diversity Index	# 86	46th

Lake Arrowhead, ME Profile: Facts & Data

Lake Arrowhead, Maine - Basic Facts

Lake Arrowhead, ME Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Lake Arrowhead, ME - Peer Comparisons by Rank and Percentile

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