Market Overview
Home Prices in Damariscotta, ME
The median home value in Damariscotta, ME is $484,132 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 2.8% compared to a year ago and up 1.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Damariscotta are priced18% above average.
Over the past five years, Damariscotta home values have risen by approximately31.6%, reflecting strong long-term appreciation in this market.
Price History
Damariscotta Home Price Trend
2020
$292,610
$293K
—
2021
$367,764
$368K
+25.7%
2022
$437,724
$438K
+19.0%
2023
$469,625
$470K
+7.3%
2024
$490,367
$490K
+4.4%
2025
$498,151
$498K
+1.6%
2026
$484,132
$484K
-2.8%
City Comparison
Damariscotta vs. National Median
🏠 Damariscotta
$484,132
National Median
$410,000
At $484,132, homes in Damariscotta cost 18% above the national median of $410,000. Buyers in Damariscotta should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Damariscotta?
20% Down Payment
$96,826
on $484,132
Monthly P&I
$2,525/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,207/mo
incl. taxes & insurance
Income Needed
$128,280
gross annual (30% rule)
10% Down Option
$48,413
+ PMI applies
Loan Amount (20% dn)
$387,306
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 Damariscotta, ME?
The median home value in Damariscotta is $484,132 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 2.8% year-over-year.
How much have home prices changed in Damariscotta?
Over the past year, home values in Damariscotta have decreased by 2.8%. Over five years, prices have risen approximately 31.6%.
How much do I need to earn to buy a home in Damariscotta?
To comfortably afford the median home price of $484,132 with a 20% down payment ($96,826) at today's rates (6.8%), you'd need a gross annual income of approximately $128,280. This assumes keeping total housing costs at or below 30% of gross income.
How does Damariscotta compare to the national average home price?
The national median home value is approximately $410,000. At $484,132, homes in Damariscotta are 18% above the national average.