Augusta, ME home prices
Typical home $315,691 · +0.6% in a year · income needed $91,900
The Augusta, ME metro area ranks 286 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +0.6% in a year and +29.9% over five years. With 20% down at 7.11%, the typical home costs about $2,144 a month including 1.09% property tax (Kennebec County rate).
Mortgage on the typical Augusta home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $63,138 | $252,553 | $1,699 | $0 | $446 | $2,144 | $91,900 |
| 10% down | $31,569 | $284,122 | $1,911 | $118 | $446 | $2,475 | $106,100 |
| 5% down | $15,785 | $299,906 | $2,017 | $125 | $446 | $2,588 | $110,900 |
| 3.5% down (FHA) | $11,049 | $309,973 | $2,085 | $140 | $446 | $2,670 | $114,400 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.09% 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.
Counties in the Augusta area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Kennebec County, ME | $315,675 | +0.6% | 1.09% |
What can you afford in Maine on your salary? · Maine home prices · Salaries in Maine
Frequently asked questions
How much is a house in Augusta?
The typical home in the Augusta, ME metro area is worth $315,691 (Zillow, September 2026).
What salary do you need to buy a house in Augusta?
About $91,900 a year for the typical home with 20% down at 7.11%.