Market Overview
Home Prices in Monson, ME
The median home value in Monson, ME is $226,037 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.6% compared to a year ago and up 3.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Monson are priced45% below average.
Over the past five years, Monson home values have risen by approximately29.7%, reflecting strong long-term appreciation in this market.
Price History
Monson Home Price Trend
2020
$124,492
$124K
—
2021
$174,216
$174K
+39.9%
2022
$206,962
$207K
+18.8%
2023
$209,743
$210K
+1.3%
2024
$215,696
$216K
+2.8%
2025
$222,404
$222K
+3.1%
2026
$226,037
$226K
+1.6%
City Comparison
Monson vs. National Median
🏠 Monson
$226,037
National Median
$410,000
At $226,037, homes in Monson cost 45% below the national median of $410,000. This makes Monson a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Monson?
20% Down Payment
$45,207
on $226,037
Monthly P&I
$1,179/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,497/mo
incl. taxes & insurance
Income Needed
$59,880
gross annual (30% rule)
10% Down Option
$22,604
+ PMI applies
Loan Amount (20% dn)
$180,830
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 Monson, ME?
The median home value in Monson is $226,037 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1.6% year-over-year.
How much have home prices changed in Monson?
Over the past year, home values in Monson have increased by 1.6%. Over five years, prices have risen approximately 29.7%.
How much do I need to earn to buy a home in Monson?
To comfortably afford the median home price of $226,037 with a 20% down payment ($45,207) at today's rates (6.8%), you'd need a gross annual income of approximately $59,880. This assumes keeping total housing costs at or below 30% of gross income.
How does Monson compare to the national average home price?
The national median home value is approximately $410,000. At $226,037, homes in Monson are 45% below the national average.