Franklin County, Maine home prices
Typical home $290,988 · +1.0% in a year · property tax 1.04%
The typical home in Franklin County is worth $290,988, 29% less than the Maine typical home ($412,002). Values changed +1.0% in the past year and +24.4% over five years. Homeowners here pay a median 1.04% of their home's value in property tax each year ($3,029 on the typical home), versus 0.92% statewide.
Mortgage on the typical Franklin County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $58,198 | $232,790 | $1,566 | $0 | $398 | $1,964 | $84,200 |
| 10% down | $29,099 | $261,889 | $1,762 | $109 | $398 | $2,269 | $97,200 |
| 5% down | $14,549 | $276,438 | $1,860 | $115 | $398 | $2,373 | $101,700 |
| 3.5% down (FHA) | $10,185 | $285,717 | $1,922 | $129 | $398 | $2,449 | $104,900 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.04% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
What it takes: see what you can afford by salary in Maine.
Maine counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Penobscot County | $277,437 | +2.0% | 1.16% |
| Kennebec County | $315,675 | +0.6% | 1.09% |
| Oxford County | $316,256 | +0.1% | 0.99% |
| Androscoggin County | $328,518 | +1.0% | 1.16% |
| Waldo County | $344,137 | +3.7% | 1.04% |
| Somerset County | $228,626 | +1.9% | 1.08% |
| Piscataquis County | $227,800 | +0.2% | 0.9% |
| Washington County | $199,733 | -0.1% | 1.04% |
| Aroostook County | $168,572 | +2.6% | 1.12% |
| Hancock County | $419,630 | +2.9% | 0.83% |
Frequently asked questions
What is the average home price in Franklin County, ME?
The typical home value in Franklin County is $290,988 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Franklin County?
About $84,200 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Franklin County?
The median effective rate is 1.04% of home value a year (Census ACS 2024 5-year estimates).