Market Overview
Home Prices in Fayette, ME
The median home value in Fayette, ME is $366,852 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 0.5% compared to a year ago and up 3.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Fayette are priced11% below average. Fayette is part of the Augusta-Waterville, ME metro area.
Over the past five years, Fayette home values have risen by approximately40.3%, reflecting strong long-term appreciation in this market.
Price History
Fayette Home Price Trend
City Comparison
Fayette vs. National Median
At $366,852, homes in Fayette cost 11% below the national median of $410,000. This makes Fayette a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Fayette?
20% Down Payment
$73,370
on $366,852
Monthly P&I
$1,913/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,430/mo
incl. taxes & insurance
Income Needed
$97,200
gross annual (30% rule)
10% Down Option
$36,685
+ PMI applies
Loan Amount (20% dn)
$293,482
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 Fayette, ME?
The median home value in Fayette is $366,852 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 0.5% year-over-year.
How much have home prices changed in Fayette?
Over the past year, home values in Fayette have decreased by 0.5%. Over five years, prices have risen approximately 40.3%.
How much do I need to earn to buy a home in Fayette?
To comfortably afford the median home price of $366,852 with a 20% down payment ($73,370) at today's rates (6.8%), you'd need a gross annual income of approximately $97,200. This assumes keeping total housing costs at or below 30% of gross income.
How does Fayette compare to the national average home price?
The national median home value is approximately $410,000. At $366,852, homes in Fayette are 11% below the national average.
What metro area is Fayette part of?
Fayette is part of the Augusta-Waterville, ME metropolitan area. Home prices and market conditions can vary across the broader metro region.