Market Overview
Home Prices in South Berwick, ME
The median home value in South Berwick, ME is $535,378 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.4% compared to a year ago and up 2.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in South Berwick are priced31% above average. South Berwick is part of the Portland-South Portland, ME metro area.
Over the past five years, South Berwick home values have risen by approximately30.9%, reflecting strong long-term appreciation in this market.
Price History
South Berwick Home Price Trend
City Comparison
South Berwick vs. National Median
At $535,378, homes in South Berwick cost 31% above the national median of $410,000. Buyers in South Berwick should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in South Berwick?
20% Down Payment
$107,076
on $535,378
Monthly P&I
$2,792/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,546/mo
incl. taxes & insurance
Income Needed
$141,840
gross annual (30% rule)
10% Down Option
$53,538
+ PMI applies
Loan Amount (20% dn)
$428,302
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 South Berwick, ME?
The median home value in South Berwick is $535,378 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.4% year-over-year.
How much have home prices changed in South Berwick?
Over the past year, home values in South Berwick have increased by 2.4%. Over five years, prices have risen approximately 30.9%.
How much do I need to earn to buy a home in South Berwick?
To comfortably afford the median home price of $535,378 with a 20% down payment ($107,076) at today's rates (6.8%), you'd need a gross annual income of approximately $141,840. This assumes keeping total housing costs at or below 30% of gross income.
How does South Berwick compare to the national average home price?
The national median home value is approximately $410,000. At $535,378, homes in South Berwick are 31% above the national average.
What metro area is South Berwick part of?
South Berwick is part of the Portland-South Portland, ME metropolitan area. Home prices and market conditions can vary across the broader metro region.