Market Overview
Home Prices in Newcastle, ME
The median home value in Newcastle, ME is $473,876 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 3.5% compared to a year ago and up 5.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Newcastle are priced16% above average.
Over the past five years, Newcastle home values have risen by approximately30.3%, reflecting strong long-term appreciation in this market.
Price History
Newcastle Home Price Trend
2020
$293,258
$293K
—
2021
$363,700
$364K
+24.0%
2022
$436,891
$437K
+20.1%
2023
$446,330
$446K
+2.2%
2024
$466,337
$466K
+4.5%
2025
$491,196
$491K
+5.3%
2026
$473,876
$474K
-3.5%
City Comparison
Newcastle vs. National Median
🏠 Newcastle
$473,876
National Median
$410,000
At $473,876, homes in Newcastle cost 16% above the national median of $410,000. Buyers in Newcastle should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Newcastle?
20% Down Payment
$94,775
on $473,876
Monthly P&I
$2,471/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,138/mo
incl. taxes & insurance
Income Needed
$125,520
gross annual (30% rule)
10% Down Option
$47,388
+ PMI applies
Loan Amount (20% dn)
$379,101
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 Newcastle, ME?
The median home value in Newcastle is $473,876 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 3.5% year-over-year.
How much have home prices changed in Newcastle?
Over the past year, home values in Newcastle have decreased by 3.5%. Over five years, prices have risen approximately 30.3%.
How much do I need to earn to buy a home in Newcastle?
To comfortably afford the median home price of $473,876 with a 20% down payment ($94,775) at today's rates (6.8%), you'd need a gross annual income of approximately $125,520. This assumes keeping total housing costs at or below 30% of gross income.
How does Newcastle compare to the national average home price?
The national median home value is approximately $410,000. At $473,876, homes in Newcastle are 16% above the national average.