Market Overview
Home Prices in Parsonsfield, ME
The median home value in Parsonsfield, ME is $373,027 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 0.4% compared to a year ago and down 0.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Parsonsfield are priced9% below average. Parsonsfield is part of the Portland-South Portland, ME metro area.
Over the past five years, Parsonsfield home values have risen by approximately20.9%, reflecting strong long-term appreciation in this market.
Price History
Parsonsfield Home Price Trend
City Comparison
Parsonsfield vs. National Median
At $373,027, homes in Parsonsfield cost 9% below the national median of $410,000. This makes Parsonsfield a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Parsonsfield?
20% Down Payment
$74,605
on $373,027
Monthly P&I
$1,945/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,470/mo
incl. taxes & insurance
Income Needed
$98,800
gross annual (30% rule)
10% Down Option
$37,303
+ PMI applies
Loan Amount (20% dn)
$298,422
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 Parsonsfield, ME?
The median home value in Parsonsfield is $373,027 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 0.4% year-over-year.
How much have home prices changed in Parsonsfield?
Over the past year, home values in Parsonsfield have decreased by 0.4%. Over five years, prices have risen approximately 20.9%.
How much do I need to earn to buy a home in Parsonsfield?
To comfortably afford the median home price of $373,027 with a 20% down payment ($74,605) at today's rates (6.8%), you'd need a gross annual income of approximately $98,800. This assumes keeping total housing costs at or below 30% of gross income.
How does Parsonsfield compare to the national average home price?
The national median home value is approximately $410,000. At $373,027, homes in Parsonsfield are 9% below the national average.
What metro area is Parsonsfield part of?
Parsonsfield is part of the Portland-South Portland, ME metropolitan area. Home prices and market conditions can vary across the broader metro region.