HomeMaineWaldo CountyBelfast city
Belfast city, Maine: commercial real estate data.
Belfast city is a Census city of 6,986 people across 34.05 square miles of land, in Waldo County. Median household income is $67,679, 68.5 percent of occupied homes are owned, and the SBA record carries 6 7(a) approvals to borrowers here worth $1.3 m.
76 sourced place values · tier FULL · 8 sections · underlined figures are computed by MMCG Analytics, not published by the agency
Belfast
What Belfast is
- Census place typecity
- Land area34.05 sq mi
- Water area4.32 sq mi
- Population per square mile of land205
- County holding the largest share of its areaWaldo County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Belfast
How many people live in Belfast
- Population6,986
- Median age60.6
- Population under 18993 plus or minus 269
- Share under 1814.2 percent plus or minus 3.9
- Population 65 and over2,729
- Share 65 and over39.1 percent
- Households3,400
- Family households2,055
- Share of households that are families60.4 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Belfast
Income and work in Belfast
- Median household income$67,679
- Per capita income$48,291
- Civilian labor force2,602
- Employed2,586
- Unemployed16 plus or minus 27
- Unemployment rate0.6 percent plus or minus 1.0
- Adults 25 and over5,715
- Adults 25 and over with a high school diploma or higher92.6 percent
- Adults 25 and over with a bachelor degree or higher42.9 percent
- Adults 25 and over with a graduate degree21.4 percent plus or minus 5.2
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Belfast
Housing in Belfast
- Housing units4,300
- Occupied units3,400
- Vacant units900 plus or minus 274
- Vacancy rate20.9 percent plus or minus 6.2
- Owner occupied2,330
- Renter occupied1,070 plus or minus 248
- Ownership rate68.5 percent
- Median owner-occupied home value$340,900
- Median gross rent, monthly$962
- Annual rent as a share of median income17.1 percent
- Single family units2,545
- Share single family59.2 percent
- Units in buildings of two or more1,295 plus or minus 350
- Share in buildings of two or more30.1 percent plus or minus 7.8
- Mobile homes460 plus or minus 197
- Median year structure built1967
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Belfast
How Belfast gets to work
- Workers 16 and over who commute2,254
- Commuting under 15 minutes1,039 plus or minus 304
- Share commuting under 15 minutes46.1 percent plus or minus 11.4
- Commuting 30 minutes or more607 plus or minus 231
- Share commuting 30 minutes or more26.9 percent plus or minus 9.4
- Drove alone76.5 percent
- Carpooled5.4 percent plus or minus 4.6
- Public transport0.8 percent plus or minus 1.8
- Walked4.6 percent plus or minus 3.5
- Worked from home12.0 percent plus or minus 6.0
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Belfast
SBA loans in Belfast (7(a))
- Approvals6
- Gross approval$1,337,000
- Average approval$222,833
- Median approval$350,000
- Ninetieth percentile approval$360,000
- Largest approval$360,000
- Jobs supported70
- Jobs per approval11.7
- Loans with a final outcome5
- Paid in full5
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more0.0 percent
- Share to franchises0.0 percent
- Distinct lenders4
- Distinct industries by NAICS4
A charge-off rate is not published here. only 5 resolved loans, too few to publish a rate, and a rate over that few outcomes would move several points on one loan.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Belfast
SBA loans in Belfast (504)
- Approvals9
- Gross approval$4,667,000
- Average approval$518,556
- Median approval$255,000
- Largest approval$1,627,000
- Jobs supported48
- Loans with a final outcome4
- Charged off0
- Median term240 months
- Distinct CDCs3
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Waldo County, not Belfast
Waldo County context, not Belfast figures
These are Waldo County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Belfast measurements.
- Establishments in Waldo County1,003
- Employment at those establishments, Waldo County9,273
- Covered employment, Waldo County11,273
- Average annual pay, Waldo County$54,674
- Average weekly wage, Waldo County$1,051
- Housing units permitted, Waldo County145
- Of those, single family, Waldo County145
- County product, 2024, Waldo County$1,998,173,000
- County product change over the prior year, Waldo County2.8 percent
- Average income of an arriving household, Waldo County$81,272
Every figure in this section is published for Waldo County as a whole and is not a measurement of Belfast. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- This place is not listed as a community in the FEMA Community Status Book, so no NFIP participation or CRS class is shown.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
Common questions
Belfast questions, answered from the record.
How many people live in Belfast, Maine?
6,986, in 3,400 households. Belfast city covers 34.05 square miles of land, which is 205 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Belfast in?
Waldo County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Belfast?
$67,679. The median owner-occupied home is valued at $340,900. Median gross rent is $962 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Belfast businesses?
6 7(a) approvals totalling $1.3 m, across 4 lenders, median approval $350,000, plus 9 504 approvals worth $4.7 m. These count approvals to borrowers whose address is in Belfast, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Belfast borrowers get paid back?
No rate is published for Belfast. only 5 resolved loans, too few to publish a rate, and a percentage over that few outcomes would move several points on a single loan. The counts are shown instead.
Are the county figures on this page Belfast figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Waldo County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Belfast.
Is zoning published for Belfast?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.
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