Market Overview
Home Prices in Long Island, ME
The median home value in Long Island, ME is $669,322 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0.9% compared to a year ago and down 6.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Long Island are priced63% above average. Long Island is part of the Portland-South Portland, ME metro area.
Over the past five years, Long Island home values have risen by approximately3.4%, reflecting modest growth in this market.
Price History
Long Island Home Price Trend
City Comparison
Long Island vs. National Median
At $669,322, homes in Long Island cost 63% above the national median of $410,000. Buyers in Long Island should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Long Island?
20% Down Payment
$133,864
on $669,322
Monthly P&I
$3,491/mo
30-yr @ 6.8%
Total Monthly Est.
~$4,434/mo
incl. taxes & insurance
Income Needed
$177,360
gross annual (30% rule)
10% Down Option
$66,932
+ PMI applies
Loan Amount (20% dn)
$535,458
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 Long Island, ME?
The median home value in Long Island is $669,322 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0.9% year-over-year.
How much have home prices changed in Long Island?
Over the past year, home values in Long Island have increased by 0.9%. Over five years, prices have risen approximately 3.4%.
How much do I need to earn to buy a home in Long Island?
To comfortably afford the median home price of $669,322 with a 20% down payment ($133,864) at today's rates (6.8%), you'd need a gross annual income of approximately $177,360. This assumes keeping total housing costs at or below 30% of gross income.
How does Long Island compare to the national average home price?
The national median home value is approximately $410,000. At $669,322, homes in Long Island are 63% above the national average.
What metro area is Long Island part of?
Long Island is part of the Portland-South Portland, ME metropolitan area. Home prices and market conditions can vary across the broader metro region.