Maine House Affordability Calculator
Estimate what you can afford in Maine using state-specific property taxes, debt-to-income limits, and financing assumptions.
As of 2026 · Maine state data: Maine Revenue Services
Affordability examples by income (Maine)
| Income | Max home price | Monthly housing | Down payment |
|---|---|---|---|
| $60,000 | $175,348.80 | $1,100 | $35,069.76 |
| $80,000 | $270,993.60 | $1,700 | $54,198.72 |
| $100,000 | $366,638.40 | $2,300 | $73,327.68 |
| $120,000 | $446,342.40 | $2,800 | $89,268.48 |
| $150,000 | $557,928 | $3,500 | $111,585.60 |
Affordability inputs
Affordability result summary
Based on your income of $100,000 in Maine, you can afford a home up to $366,638.40 with a monthly housing payment of $2,300.
Max home price
$366,638.40
Max loan amount
$293,310.72
Down payment
$73,327.68
Adjusted mortgage rate
6.50%
Property tax rate
1.11%
Estimated take-home (monthly)
$6,170.93
Monthly payment breakdown
Principal + Interest
$1,853.92
Property tax
$339.14
Insurance
$106.94
HOA
$0
Total housing
$2,300
Comfortable vs Stretch vs Maximum
| Range | Monthly budget | Home price | Down payment needed |
|---|---|---|---|
| Comfortable | $1,840 | $293,310.72 | $58,662.14 |
| Stretch | $2,070 | $329,974.56 | $65,994.91 |
| Maximum | $2,300 | $366,638.40 | $73,327.68 |
AI explains your result
FinCalc AI
State tax impact comparison
In Texas vs Maine, the same inputs change max affordability by -$22,406.60, with monthly property tax changing by $119.84.
Texas vs California affordability gap with these inputs: -$42,981.57.
After-tax affordability check
Housing consumes 37.3% of estimated take-home pay, leaving $3,170.93/month after housing and existing debts.
State median home price benchmark: $430,000. Your max is -14.7% vs median.
Buying a home in Maine
Lenders qualify Maine buyers on gross income, but the budget that actually pays the mortgage is net of state income tax that reaches 9.15% at the top — a few percentage points of headroom that a pre-approval letter quietly assumes you have. Property tax adds a second, permanent layer at roughly 1.11% of assessed value per year.
A buyer earning $100,000 with $600 monthly recurring debt, 20% down, and a 6.5% 30-year fixed mortgage can typically afford a home up to about $371,952 in Maine, with an estimated monthly housing cost around $2,333.33. The 2026 median single-family home price in Maine is around $430,000.
The 1.11% property tax used here is a statewide effective average — actual bills are set at the county and city level and can differ substantially within Maine. Verify with Maine Revenue Services (https://www.maine.gov/revenue/taxes/income-estate-tax) and the county assessor before setting a price ceiling.
Maine home affordability — FAQ
How much house can I afford on $60K in Maine?
On a $60,000 annual income in Maine (single filer, 60% DTI from debt, 20% down, 30-year fixed at 6.5%, good credit, 2026), estimated max home price is around $223,171.20 with a monthly housing payment near $1,400. That breaks down to about $1,128.48 principal & interest, $206.43 property tax, and $65.09 insurance per month.
How much house can I afford on $100K in Maine?
On a $100,000 annual income in Maine (single filer, 60% DTI from debt, 20% down, 30-year fixed at 6.5%, good credit, 2026), estimated max home price is around $371,952 with a monthly housing payment near $2,333.33. That breaks down to about $1,880.79 principal & interest, $344.06 property tax, and $108.49 insurance per month.
How much house can I afford on $150K in Maine?
On a $150,000 annual income in Maine (single filer, 60% DTI from debt, 20% down, 30-year fixed at 6.5%, good credit, 2026), estimated max home price is around $557,928 with a monthly housing payment near $3,500. That breaks down to about $2,821.19 principal & interest, $516.08 property tax, and $162.73 insurance per month.
What is the property tax rate in Maine?
Maine's effective property tax rate is approximately 1.11% of assessed home value annually. That is close to the US national median. On a $430,000 home, expect roughly $4,773 per year in property tax.
What is the median home price in Maine?
The 2026 median single-family home price in Maine is around $430,000. With 20% down that means a down payment near $86,000 and a financed amount of about $344,000. Prices vary widely by metro — coastal and urban areas typically exceed the state median by 30%–60%.
Is Maine good for first-time homebuyers?
Maine state income tax reduces take-home pay, which lenders factor into debt-to-income ratios. Property tax at 1.11% is in line with the national average. Maine first-time buyers may qualify for state-administered down-payment-assistance programs through the state housing finance agency.
What's the 28/36 rule and how does it apply in Maine?
Lenders typically cap front-end DTI (housing payment / gross monthly income) at 28% and back-end DTI (housing + all debt / gross monthly income) at 36%. In high-property-tax states like Maine (~1.11% property tax), the front-end ratio binds sooner because property tax and insurance can push monthly housing 25%–35% above pure principal & interest. Use the comfortable, stretch, and maximum ranges above to gauge how aggressive your budget is.
Can I afford more house in Maine or New Hampshire?
On the same $100,000 income, 20% down, 6.5% rate, good credit profile, the estimated max home price is $371,952 in Maine vs $349,656.77 in New Hampshire. Maine allows about $22,295.23 more purchasing power — driven mainly by differences in state income tax (affecting take-home) and property tax rates.
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