Cost of Ownership · Maine

The true cost of owning a home in Maine

For a median $266,400 home in Maine, here is the full monthly cost — not just the mortgage. Built from public data: the state's median home value and effective property-tax rate, its average homeowners premium, and the current 30-year rate. This is a representative example, not a quote.

As of Jul 5, 2026Methodology true-cost-v3

Lender-approved payment

$1,938/mo

PITI + PMI

True monthly cost

$2,160/mo

everything, incl. upkeep

The gap

+$222/mo

what approval leaves out

Principal & interest$1,504/mo

Property tax$244/mo

Homeowners insurance$90/mo

PMI (LTV > 80%)$100/mo

Maintenance reserve$222/mo

True monthly cost$2,160/mo

Effective property-tax rate

1.10%

Avg. homeowners premium

$1,077/yr

NFIP flood claims on record

5,671

These figures use Maine’s median home value and a 10% down payment as a representative example. Your price, rate, and county rate will differ — run your own numbers in the True Cost tool, see how Maine ranks on property tax and insurance, or browse every state.