Home/Maine/Somerset County

Somerset County Housing Market

Maine · 16 counties · Ranked #1240 in home value

Below National AvgAffordable

Housing at a Glance

Median Home Value

$155,200

vs national$155,200 vs $281,900 national

Median Gross Rent

$887/mo

vs national$887 vs $1,163 national

Effective Tax Rate

1.16%

vs national+1.16% vs 1.02% national

Median Household Income

$56,199

vs national$56,199 vs $74,755 national

Affordability Ratio

2.8x

Home value ÷ income. <3 = affordable, >5 = expensive.

Rent Burden

26.0%

% of income spent on rent. >30% = burdened.

More Housing Data

Property Tax (Median)

$1,798

Tax as % of Home Value

1.16%

Monthly Owner Cost

$782

Renter Income

$36,809

Frequently Asked Questions

What is the median home value in Somerset County?
The median home value in Somerset County is $155,200. This is below the national median of $281,900.
How much is rent in Somerset County?
The median gross rent in Somerset County is $887 per month.
What is the property tax rate in Somerset County?
The effective property tax rate in Somerset County is 1.16%. The median annual property tax bill is $1,798.
Is Somerset County affordable?
With a home-value-to-income ratio of 2.8x, Somerset County is considered affordable compared to the recommended 3-4x guideline.

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.