Market Overview
Home Prices in Eliot, ME
The median home value in Eliot, ME is $623,355 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0.6% compared to a year ago and up 1.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Eliot are priced52% above average. Eliot is part of the Portland-South Portland, ME metro area.
Over the past five years, Eliot home values have risen by approximately22.9%, reflecting strong long-term appreciation in this market.
Price History
Eliot Home Price Trend
City Comparison
Eliot vs. National Median
At $623,355, homes in Eliot cost 52% above the national median of $410,000. Buyers in Eliot should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Eliot?
20% Down Payment
$124,671
on $623,355
Monthly P&I
$3,251/mo
30-yr @ 6.8%
Total Monthly Est.
~$4,129/mo
incl. taxes & insurance
Income Needed
$165,160
gross annual (30% rule)
10% Down Option
$62,336
+ PMI applies
Loan Amount (20% dn)
$498,684
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 Eliot, ME?
The median home value in Eliot is $623,355 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 Eliot?
Over the past year, home values in Eliot have increased by 0.6%. Over five years, prices have risen approximately 22.9%.
How much do I need to earn to buy a home in Eliot?
To comfortably afford the median home price of $623,355 with a 20% down payment ($124,671) at today's rates (6.8%), you'd need a gross annual income of approximately $165,160. This assumes keeping total housing costs at or below 30% of gross income.
How does Eliot compare to the national average home price?
The national median home value is approximately $410,000. At $623,355, homes in Eliot are 52% above the national average.
What metro area is Eliot part of?
Eliot is part of the Portland-South Portland, ME metropolitan area. Home prices and market conditions can vary across the broader metro region.