Market Overview
Home Prices in New Gloucester, ME
The median home value in New Gloucester, ME is $446,440 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.5% compared to a year ago and down 0.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in New Gloucester are priced9% above average. New Gloucester is part of the Portland-South Portland, ME metro area.
Over the past five years, New Gloucester home values have risen by approximately23.8%, reflecting strong long-term appreciation in this market.
Price History
New Gloucester Home Price Trend
City Comparison
New Gloucester vs. National Median
At $446,440, homes in New Gloucester cost 9% above the national median of $410,000. Buyers in New Gloucester should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in New Gloucester?
20% Down Payment
$89,288
on $446,440
Monthly P&I
$2,328/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,957/mo
incl. taxes & insurance
Income Needed
$118,280
gross annual (30% rule)
10% Down Option
$44,644
+ PMI applies
Loan Amount (20% dn)
$357,152
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 New Gloucester, ME?
The median home value in New Gloucester is $446,440 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1.5% year-over-year.
How much have home prices changed in New Gloucester?
Over the past year, home values in New Gloucester have increased by 1.5%. Over five years, prices have risen approximately 23.8%.
How much do I need to earn to buy a home in New Gloucester?
To comfortably afford the median home price of $446,440 with a 20% down payment ($89,288) at today's rates (6.8%), you'd need a gross annual income of approximately $118,280. This assumes keeping total housing costs at or below 30% of gross income.
How does New Gloucester compare to the national average home price?
The national median home value is approximately $410,000. At $446,440, homes in New Gloucester are 9% above the national average.
What metro area is New Gloucester part of?
New Gloucester is part of the Portland-South Portland, ME metropolitan area. Home prices and market conditions can vary across the broader metro region.