Income needed to buy a home
Aroostook County, ME
$58,212
a year in household income to buy the typical Aroostook County home with 10% down.
The monthly math
Typical home value$169,932
Down payment (10%)$16,993
Loan$152,939
Principal and interest (7.40%)$1,059/mo
Property tax (1.06% a year)$151/mo
Homeowners insurance (estimate)$85/mo
Mortgage insurance$64/mo
Total monthly cost$1,358/mo
Income needed keeps housing at 28% of gross income, the lender rule of thumb.
What locals earn
Right at the edge
The typical household here earns $56,700 a year, 97% of what it takes.
In Maine
Aroostook County ranks #1 of 16 for the income a home takes, from least to most.
Easiest to afford in Maine
| County | Typical home | Income needed |
|---|---|---|
| Washington County | $200,966 | $67,888 |
| Piscataquis County | $232,810 | $77,357 |
| Somerset County | $233,245 | $79,284 |
| Penobscot County | $281,813 | $96,971 |
| Franklin County | $293,779 | $99,882 |
Typical home value from the Zillow Home Value Index, August 2026. Rate is the Freddie Mac 30-year average for Oct 8, 2026. Property tax rate is total taxes paid divided by total home value in the county (U.S. Census, ACS 2020-2024). How it works.