Market Overview
Home Prices in Belfast, ME
The median home value in Belfast, ME is $404,067 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.7% compared to a year ago and down 1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Belfast are priced1% below average.
Over the past five years, Belfast home values have risen by approximately36.7%, reflecting strong long-term appreciation in this market.
Price History
Belfast Home Price Trend
2020
$234,102
$234K
—
2021
$295,657
$296K
+26.3%
2022
$354,774
$355K
+20.0%
2023
$376,604
$377K
+6.2%
2024
$393,640
$394K
+4.5%
2025
$389,658
$390K
-1.0%
2026
$404,067
$404K
+3.7%
City Comparison
Belfast vs. National Median
🏠 Belfast
$404,067
National Median
$410,000
At $404,067, homes in Belfast cost 1% below the national median of $410,000. This makes Belfast a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Belfast?
20% Down Payment
$80,813
on $404,067
Monthly P&I
$2,107/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,676/mo
incl. taxes & insurance
Income Needed
$107,040
gross annual (30% rule)
10% Down Option
$40,407
+ PMI applies
Loan Amount (20% dn)
$323,254
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 Belfast, ME?
The median home value in Belfast is $404,067 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.7% year-over-year.
How much have home prices changed in Belfast?
Over the past year, home values in Belfast have increased by 3.7%. Over five years, prices have risen approximately 36.7%.
How much do I need to earn to buy a home in Belfast?
To comfortably afford the median home price of $404,067 with a 20% down payment ($80,813) at today's rates (6.8%), you'd need a gross annual income of approximately $107,040. This assumes keeping total housing costs at or below 30% of gross income.
How does Belfast compare to the national average home price?
The national median home value is approximately $410,000. At $404,067, homes in Belfast are 1% below the national average.