Market Overview
Home Prices in Otisfield, ME
The median home value in Otisfield, ME is $311,520 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 6% compared to a year ago and down 0.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Otisfield are priced24% below average.
Over the past five years, Otisfield home values have risen by approximately18.3%, reflecting steady appreciation in this market.
Price History
Otisfield Home Price Trend
2020
$204,137
$204K
—
2021
$263,412
$263K
+29.0%
2022
$324,814
$325K
+23.3%
2023
$311,610
$312K
-4.1%
2024
$331,527
$332K
+6.4%
2025
$331,329
$331K
-0.1%
2026
$311,520
$312K
-6.0%
City Comparison
Otisfield vs. National Median
🏠 Otisfield
$311,520
National Median
$410,000
At $311,520, homes in Otisfield cost 24% below the national median of $410,000. This makes Otisfield a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Otisfield?
20% Down Payment
$62,304
on $311,520
Monthly P&I
$1,625/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,064/mo
incl. taxes & insurance
Income Needed
$82,560
gross annual (30% rule)
10% Down Option
$31,152
+ PMI applies
Loan Amount (20% dn)
$249,216
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 Otisfield, ME?
The median home value in Otisfield is $311,520 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 6% year-over-year.
How much have home prices changed in Otisfield?
Over the past year, home values in Otisfield have decreased by 6%. Over five years, prices have risen approximately 18.3%.
How much do I need to earn to buy a home in Otisfield?
To comfortably afford the median home price of $311,520 with a 20% down payment ($62,304) at today's rates (6.8%), you'd need a gross annual income of approximately $82,560. This assumes keeping total housing costs at or below 30% of gross income.
How does Otisfield compare to the national average home price?
The national median home value is approximately $410,000. At $311,520, homes in Otisfield are 24% below the national average.