Somerset County, Maine home prices
Typical home $228,626 · +1.9% in a year · property tax 1.08%
The typical home in Somerset County is worth $228,626, 45% less than the Maine typical home ($412,002). Values changed +1.9% in the past year and +37.6% over five years. Homeowners here pay a median 1.08% of their home's value in property tax each year ($2,463 on the typical home), versus 0.92% statewide.
Mortgage on the typical Somerset County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $45,725 | $182,901 | $1,230 | $0 | $320 | $1,550 | $66,400 |
| 10% down | $22,863 | $205,764 | $1,384 | $86 | $320 | $1,789 | $76,700 |
| 5% down | $11,431 | $217,195 | $1,461 | $90 | $320 | $1,871 | $80,200 |
| 3.5% down (FHA) | $8,002 | $224,485 | $1,510 | $101 | $320 | $1,931 | $82,700 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.08% 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 |
|---|---|---|---|
| Piscataquis County | $227,800 | +0.2% | 0.9% |
| Washington County | $199,733 | -0.1% | 1.04% |
| Penobscot County | $277,437 | +2.0% | 1.16% |
| Aroostook County | $168,572 | +2.6% | 1.12% |
| Franklin County | $290,988 | +1.0% | 1.04% |
| 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% |
| Hancock County | $419,630 | +2.9% | 0.83% |
Frequently asked questions
What is the average home price in Somerset County, ME?
The typical home value in Somerset County is $228,626 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Somerset County?
About $66,400 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Somerset County?
The median effective rate is 1.08% of home value a year (Census ACS 2024 5-year estimates).