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Maine Rent vs Buy Calculator โ€” Updated 2026

State abbreviation: ME

In Maine, the median home price is $345,000, and property taxes are 1.36% annually. Homeowners insurance averages $1320/year. Use this calculator to compare the long-term costs of renting versus buying given Maine's specific market conditions and tax environment.

Maine Financial Data (2026)

State Tax Rate
5.8%
Property Tax Rate
1.36%
Median Home Price
$345,000
Avg Insurance Cost
$1,320/year
Cost of Living Index
106
State Abbreviation
ME