Market Overview
Home Prices in Cherryfield, ME
The median home value in Cherryfield, ME is $193,317 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0.6% compared to a year ago and down 1.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Cherryfield are priced53% below average.
Over the past five years, Cherryfield home values have risen by approximately27.2%, reflecting strong long-term appreciation in this market.
Price History
Cherryfield Home Price Trend
2020
$121,290
$121K
—
2021
$151,926
$152K
+25.3%
2022
$179,284
$179K
+18.0%
2023
$187,829
$188K
+4.8%
2024
$195,717
$196K
+4.2%
2025
$192,233
$192K
-1.8%
2026
$193,317
$193K
+0.6%
City Comparison
Cherryfield vs. National Median
🏠 Cherryfield
$193,317
National Median
$410,000
At $193,317, homes in Cherryfield cost 53% below the national median of $410,000. This makes Cherryfield a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Cherryfield?
20% Down Payment
$38,663
on $193,317
Monthly P&I
$1,008/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,280/mo
incl. taxes & insurance
Income Needed
$51,200
gross annual (30% rule)
10% Down Option
$19,332
+ PMI applies
Loan Amount (20% dn)
$154,654
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 Cherryfield, ME?
The median home value in Cherryfield is $193,317 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0.6% year-over-year.
How much have home prices changed in Cherryfield?
Over the past year, home values in Cherryfield have increased by 0.6%. Over five years, prices have risen approximately 27.2%.
How much do I need to earn to buy a home in Cherryfield?
To comfortably afford the median home price of $193,317 with a 20% down payment ($38,663) at today's rates (6.8%), you'd need a gross annual income of approximately $51,200. This assumes keeping total housing costs at or below 30% of gross income.
How does Cherryfield compare to the national average home price?
The national median home value is approximately $410,000. At $193,317, homes in Cherryfield are 53% below the national average.