Market Overview
Home Prices in Addison, ME
The median home value in Addison, ME is $218,698 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 3.7% compared to a year ago and down 3.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Addison are priced47% below average.
Over the past five years, Addison home values have risen by approximately20.5%, reflecting strong long-term appreciation in this market.
Price History
Addison Home Price Trend
2020
$143,241
$143K
—
2021
$181,485
$181K
+26.7%
2022
$211,790
$212K
+16.7%
2023
$220,935
$221K
+4.3%
2024
$235,627
$236K
+6.6%
2025
$227,135
$227K
-3.6%
2026
$218,698
$219K
-3.7%
City Comparison
Addison vs. National Median
🏠 Addison
$218,698
National Median
$410,000
At $218,698, homes in Addison cost 47% below the national median of $410,000. This makes Addison a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Addison?
20% Down Payment
$43,740
on $218,698
Monthly P&I
$1,141/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,449/mo
incl. taxes & insurance
Income Needed
$57,960
gross annual (30% rule)
10% Down Option
$21,870
+ PMI applies
Loan Amount (20% dn)
$174,958
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Addison, ME?
The median home value in Addison is $218,698 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 3.7% year-over-year.
How much have home prices changed in Addison?
Over the past year, home values in Addison have decreased by 3.7%. Over five years, prices have risen approximately 20.5%.
How much do I need to earn to buy a home in Addison?
To comfortably afford the median home price of $218,698 with a 20% down payment ($43,740) at today's rates (6.8%), you'd need a gross annual income of approximately $57,960. This assumes keeping total housing costs at or below 30% of gross income.
How does Addison compare to the national average home price?
The national median home value is approximately $410,000. At $218,698, homes in Addison are 47% below the national average.