The typical home in Bangor, ME is worth about $230,000.
With 20% down that's a loan near $184,000 — the calculator
is pre-filled with that figure. Bangor serves as the commercial and healthcare hub for a vast, sparsely populated swath of northern and eastern Maine, with Eastern Maine Medical Center among the region's largest employers. Home prices remain well below Portland's despite Maine's above-average property tax rate, and cold-climate construction keeps insurance costs modest.
$1,194.64 / month
Total interest
$246,075
Total paid
$430,075
Payoff
30.0 years
How much you need to earn
Bangor, ME's median household income is about
$58,000 a year. Under standard 28/36
lending rules that supports a home price around
$200,278 with 20% down —
below the $230,000 typical price, so many buyers need a larger down payment, a co-borrower, or a longer commute.
Typical asking rent in Bangor, ME is about $1,100 a month, so owning the median home costs roughly
$446 more per month before tax
effects, maintenance, and any change in home value.
Frequently asked questions
What is a typical mortgage payment in Bangor, ME?
On the metro's roughly $230,000 typical home with 20% down, the loan is about $184,000. Principal and interest run near $1,195 a month at today's rate, and Bangor, ME's property tax plus insurance add about $352, for a full payment near $1,546.
Can I afford a home in Bangor, ME on the median income?
The median household income is about $58,000 a year. Under standard 28/36 lending rules that supports a home price around $200,278 with 20% down — below the $230,000 typical price, so buyers often need a larger down payment or a co-borrower.
Is it cheaper to rent or buy in Bangor, ME?
Typical asking rent is about $1,100 a month. The full owner payment on a median home is near $1,546, so owning costs roughly $446 more per month before tax effects, maintenance, and any appreciation.
How much are property taxes in Bangor, ME?
The effective property tax rate in the core county is about 1.40% of market value — roughly $3,220 a year on the typical home. Your exact rate depends on the municipality and any exemptions.
Are home prices in Bangor, ME rising or falling?
Home values are up about 3% over the past year. Bangor serves as the commercial and healthcare hub for a vast, sparsely populated swath of northern and eastern Maine, with Eastern Maine Medical Center among the region's largest employers. Home prices remain well below Portland's despite Maine's above-average property tax rate, and cold-climate construction keeps insurance costs modest.