Market Overview
Home Prices in Bowdoin, ME
The median home value in Bowdoin, ME is $428,025 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 11.5% compared to a year ago and down 0.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Bowdoin are priced4% above average. Bowdoin is part of the Portland-South Portland, ME metro area.
Over the past five years, Bowdoin home values have risen by approximately42.1%, reflecting strong long-term appreciation in this market.
Price History
Bowdoin Home Price Trend
City Comparison
Bowdoin vs. National Median
At $428,025, homes in Bowdoin cost 4% above the national median of $410,000. Buyers in Bowdoin should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Bowdoin?
20% Down Payment
$85,605
on $428,025
Monthly P&I
$2,232/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,835/mo
incl. taxes & insurance
Income Needed
$113,400
gross annual (30% rule)
10% Down Option
$42,803
+ PMI applies
Loan Amount (20% dn)
$342,420
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 Bowdoin, ME?
The median home value in Bowdoin is $428,025 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 11.5% year-over-year.
How much have home prices changed in Bowdoin?
Over the past year, home values in Bowdoin have increased by 11.5%. Over five years, prices have risen approximately 42.1%.
How much do I need to earn to buy a home in Bowdoin?
To comfortably afford the median home price of $428,025 with a 20% down payment ($85,605) at today's rates (6.8%), you'd need a gross annual income of approximately $113,400. This assumes keeping total housing costs at or below 30% of gross income.
How does Bowdoin compare to the national average home price?
The national median home value is approximately $410,000. At $428,025, homes in Bowdoin are 4% above the national average.
What metro area is Bowdoin part of?
Bowdoin is part of the Portland-South Portland, ME metropolitan area. Home prices and market conditions can vary across the broader metro region.