🏦 Mortgage Calculators Maine

How Much House Can I Afford in Maine?

Find out how much house you can afford in Maine with 1.36% property tax. Uses 28/36 rule with Maine-specific data.

Free — No Sign-up Verified Data Editorially Reviewed Updated Feb 2026

Maine Quick Facts

7.2% Income Tax Rate

1.36% Property Tax Rate

$64,767 Median Income

109.4 Cost of Living

How This Calculator Works

Calculation methodology and assumptions

Calculates home affordability in Maine using the 28/36 rule. Maximum 28% of gross monthly income for housing (PITI). Includes Maine's effective property tax rate of 1.36% and average home insurance of $1,380/year. Median home price in Maine: $340,000.

Key State Information

Maine housing market: Median home price $340,000 | Property tax rate 1.36% | Avg home insurance $1,380/yr | Median household income $64,767. Homes are expensive relative to income.

Standard financial formulas Pre-filled with real state data Estimates only — not financial advice

Data Source

Census Bureau, Zillow, Tax Foundation

View Original Source | Verified 2024-12-01 | Updated annually

Frequently Asked Questions

How much house can I afford on the median income in Maine?

With Maine's median household income of $64,767 and a 10% down payment, you can typically afford a home priced around $226,685-$291,452 depending on debts and interest rates. The median home in Maine costs $340,000.

What is the property tax rate in Maine?

Maine's effective property tax rate is 1.36%. On a $340,000 home, that's approximately $4,624/year or $385/month.