Market Overview
Home Prices in Milbridge, ME
The median home value in Milbridge, ME is $276,189 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 4.7% compared to a year ago and up 3.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Milbridge are priced33% below average.
Over the past five years, Milbridge home values have risen by approximately26.2%, reflecting strong long-term appreciation in this market.
Price History
Milbridge Home Price Trend
2020
$177,824
$178K
—
2021
$218,886
$219K
+23.1%
2022
$259,073
$259K
+18.4%
2023
$262,653
$263K
+1.4%
2024
$280,141
$280K
+6.7%
2025
$289,687
$290K
+3.4%
2026
$276,189
$276K
-4.7%
City Comparison
Milbridge vs. National Median
🏠 Milbridge
$276,189
National Median
$410,000
At $276,189, homes in Milbridge cost 33% below the national median of $410,000. This makes Milbridge a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Milbridge?
20% Down Payment
$55,238
on $276,189
Monthly P&I
$1,440/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,829/mo
incl. taxes & insurance
Income Needed
$73,160
gross annual (30% rule)
10% Down Option
$27,619
+ PMI applies
Loan Amount (20% dn)
$220,951
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 Milbridge, ME?
The median home value in Milbridge is $276,189 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 4.7% year-over-year.
How much have home prices changed in Milbridge?
Over the past year, home values in Milbridge have decreased by 4.7%. Over five years, prices have risen approximately 26.2%.
How much do I need to earn to buy a home in Milbridge?
To comfortably afford the median home price of $276,189 with a 20% down payment ($55,238) at today's rates (6.8%), you'd need a gross annual income of approximately $73,160. This assumes keeping total housing costs at or below 30% of gross income.
How does Milbridge compare to the national average home price?
The national median home value is approximately $410,000. At $276,189, homes in Milbridge are 33% below the national average.