Market Overview
Home Prices in Amherst, ME
The median home value in Amherst, ME is $229,447 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 5.7% compared to a year ago and down 4.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Amherst are priced44% below average.
Over the past five years, Amherst home values have risen by approximately8.1%, reflecting steady appreciation in this market.
Price History
Amherst Home Price Trend
2020
$177,779
$178K
—
2021
$212,328
$212K
+19.4%
2022
$237,793
$238K
+12.0%
2023
$237,052
$237K
-0.3%
2024
$253,886
$254K
+7.1%
2025
$243,340
$243K
-4.2%
2026
$229,447
$229K
-5.7%
City Comparison
Amherst vs. National Median
🏠 Amherst
$229,447
National Median
$410,000
At $229,447, homes in Amherst cost 44% below the national median of $410,000. This makes Amherst a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Amherst?
20% Down Payment
$45,889
on $229,447
Monthly P&I
$1,197/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,520/mo
incl. taxes & insurance
Income Needed
$60,800
gross annual (30% rule)
10% Down Option
$22,945
+ PMI applies
Loan Amount (20% dn)
$183,558
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 Amherst, ME?
The median home value in Amherst is $229,447 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 5.7% year-over-year.
How much have home prices changed in Amherst?
Over the past year, home values in Amherst have decreased by 5.7%. Over five years, prices have risen approximately 8.1%.
How much do I need to earn to buy a home in Amherst?
To comfortably afford the median home price of $229,447 with a 20% down payment ($45,889) at today's rates (6.8%), you'd need a gross annual income of approximately $60,800. This assumes keeping total housing costs at or below 30% of gross income.
How does Amherst compare to the national average home price?
The national median home value is approximately $410,000. At $229,447, homes in Amherst are 44% below the national average.