Penobscot County, Maine home prices
Typical home $277,437 · +2.0% in a year · property tax 1.16%
The typical home in Penobscot County is worth $277,437, 33% less than the Maine typical home ($412,002). Values changed +2.0% in the past year and +31.4% over five years. Homeowners here pay a median 1.16% of their home's value in property tax each year ($3,215 on the typical home), versus 0.92% statewide.
Mortgage on the typical Penobscot County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $55,487 | $221,950 | $1,493 | $0 | $407 | $1,900 | $81,400 |
| 10% down | $27,744 | $249,693 | $1,680 | $104 | $407 | $2,190 | $93,900 |
| 5% down | $13,872 | $263,565 | $1,773 | $110 | $407 | $2,289 | $98,100 |
| 3.5% down (FHA) | $9,710 | $272,412 | $1,833 | $123 | $407 | $2,362 | $101,200 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.16% 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 · part of the Bangor metro area.
Maine counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Franklin County | $290,988 | +1.0% | 1.04% |
| Kennebec County | $315,675 | +0.6% | 1.09% |
| Oxford County | $316,256 | +0.1% | 0.99% |
| Somerset County | $228,626 | +1.9% | 1.08% |
| Piscataquis County | $227,800 | +0.2% | 0.9% |
| Androscoggin County | $328,518 | +1.0% | 1.16% |
| Waldo County | $344,137 | +3.7% | 1.04% |
| 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 Penobscot County, ME?
The typical home value in Penobscot County is $277,437 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Penobscot County?
About $81,400 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Penobscot County?
The median effective rate is 1.16% of home value a year (Census ACS 2024 5-year estimates).