Market Overview
Home Prices in Dedham, ME
The median home value in Dedham, ME is $373,361 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.4% compared to a year ago and down 3.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Dedham are priced9% below average.
Over the past five years, Dedham home values have risen by approximately10.4%, reflecting steady appreciation in this market.
Price History
Dedham Home Price Trend
2020
$285,857
$286K
—
2021
$338,305
$338K
+18.3%
2022
$378,356
$378K
+11.8%
2023
$385,645
$386K
+1.9%
2024
$374,243
$374K
-3.0%
2025
$361,053
$361K
-3.5%
2026
$373,361
$373K
+3.4%
City Comparison
Dedham vs. National Median
🏠 Dedham
$373,361
National Median
$410,000
At $373,361, homes in Dedham cost 9% below the national median of $410,000. This makes Dedham a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Dedham?
20% Down Payment
$74,672
on $373,361
Monthly P&I
$1,947/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,473/mo
incl. taxes & insurance
Income Needed
$98,920
gross annual (30% rule)
10% Down Option
$37,336
+ PMI applies
Loan Amount (20% dn)
$298,689
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 Dedham, ME?
The median home value in Dedham is $373,361 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.4% year-over-year.
How much have home prices changed in Dedham?
Over the past year, home values in Dedham have increased by 3.4%. Over five years, prices have risen approximately 10.4%.
How much do I need to earn to buy a home in Dedham?
To comfortably afford the median home price of $373,361 with a 20% down payment ($74,672) at today's rates (6.8%), you'd need a gross annual income of approximately $98,920. This assumes keeping total housing costs at or below 30% of gross income.
How does Dedham compare to the national average home price?
The national median home value is approximately $410,000. At $373,361, homes in Dedham are 9% below the national average.