Maine home prices and mortgage costs
Typical home value $412,002 · +1.6% in a year · property tax 0.92%
Maine ranks 20th most expensive of 51 states and D.C. Home values changed +1.6% over the past year and +26.8% over five years. Buying the typical home with 20% down costs about $2,739 a month at 7.11%, which needs a household income of about $117,400.
Cost of the typical Maine home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $82,400 | $329,602 | $2,217 | $0 | $522 | $2,739 | $117,400 |
| 10% down | $41,200 | $370,802 | $2,494 | $155 | $522 | $3,171 | $135,900 |
| 5% down | $20,600 | $391,402 | $2,633 | $163 | $522 | $3,318 | $142,200 |
| 3.5% down (FHA) | $14,420 | $404,540 | $2,721 | $182 | $522 | $3,425 | $146,800 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.92% 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.
Check a specific budget: how much house you can afford in Maine by salary · payment on a $400K home in Maine
Home prices by county in Maine
| County | Typical home | 1-yr change | Tax rate | Payment / month | Income needed |
|---|---|---|---|---|---|
| Cumberland County | $558,564 | +2.3% | 1.04% | $3,771 | $161,600 |
| York County | $525,406 | +1.9% | 0.96% | $3,509 | $150,400 |
| Lincoln County | $443,362 | +1.1% | 0.85% | $2,922 | $125,200 |
| Knox County | $436,709 | -0.6% | 1.17% | $2,993 | $128,300 |
| Sagadahoc County | $432,225 | +1.7% | 1.04% | $2,917 | $125,000 |
| Hancock County | $419,630 | +2.9% | 0.83% | $2,757 | $118,100 |
| Waldo County | $344,137 | +3.7% | 1.04% | $2,323 | $99,500 |
| Androscoggin County | $328,518 | +1.0% | 1.16% | $2,251 | $96,500 |
| Oxford County | $316,256 | +0.1% | 0.99% | $2,122 | $91,000 |
| Kennebec County | $315,675 | +0.6% | 1.09% | $2,144 | $91,900 |
| Franklin County | $290,988 | +1.0% | 1.04% | $1,964 | $84,200 |
| Penobscot County | $277,437 | +2.0% | 1.16% | $1,900 | $81,400 |
| Somerset County | $228,626 | +1.9% | 1.08% | $1,550 | $66,400 |
| Piscataquis County | $227,800 | +0.2% | 0.9% | $1,511 | $64,800 |
| Washington County | $199,733 | -0.1% | 1.04% | $1,348 | $57,800 |
| Aroostook County | $168,572 | +2.6% | 1.12% | $1,148 | $49,200 |
Metro areas in Maine
Frequently asked questions
What is the average home price in Maine?
The typical home in Maine is worth $412,002 according to the Zillow Home Value Index for September 2026.
How much income do you need to buy a house in Maine?
About $117,400 a year to buy the typical $412,002 home with 20% down at 7.11%, keeping housing under 28% of income.
What is the property tax rate in Maine?
The typical effective rate is 0.92% of the home's value a year (median taxes paid divided by median home value, Census ACS 2025).