Market Overview
Home Prices in Old Town, ME
The median home value in Old Town, ME is $260,918 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 0.2% compared to a year ago and up 6.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Old Town are priced36% below average. Old Town is part of the Bangor, ME metro area.
Over the past five years, Old Town home values have risen by approximately45.7%, reflecting strong long-term appreciation in this market.
Price History
Old Town Home Price Trend
City Comparison
Old Town vs. National Median
At $260,918, homes in Old Town cost 36% below the national median of $410,000. This makes Old Town a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Old Town?
20% Down Payment
$52,184
on $260,918
Monthly P&I
$1,361/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,728/mo
incl. taxes & insurance
Income Needed
$69,120
gross annual (30% rule)
10% Down Option
$26,092
+ PMI applies
Loan Amount (20% dn)
$208,734
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 Old Town, ME?
The median home value in Old Town is $260,918 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 0.2% year-over-year.
How much have home prices changed in Old Town?
Over the past year, home values in Old Town have decreased by 0.2%. Over five years, prices have risen approximately 45.7%.
How much do I need to earn to buy a home in Old Town?
To comfortably afford the median home price of $260,918 with a 20% down payment ($52,184) at today's rates (6.8%), you'd need a gross annual income of approximately $69,120. This assumes keeping total housing costs at or below 30% of gross income.
How does Old Town compare to the national average home price?
The national median home value is approximately $410,000. At $260,918, homes in Old Town are 36% below the national average.
What metro area is Old Town part of?
Old Town is part of the Bangor, ME metropolitan area. Home prices and market conditions can vary across the broader metro region.