Market Overview
Home Prices in Thorndike, ME
The median home value in Thorndike, ME is $248,275 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.5% compared to a year ago and up 2.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Thorndike are priced39% below average.
Over the past five years, Thorndike home values have risen by approximately26.8%, reflecting strong long-term appreciation in this market.
Price History
Thorndike Home Price Trend
2020
$167,766
$168K
—
2021
$195,806
$196K
+16.7%
2022
$227,776
$228K
+16.3%
2023
$231,635
$232K
+1.7%
2024
$235,811
$236K
+1.8%
2025
$242,289
$242K
+2.7%
2026
$248,275
$248K
+2.5%
City Comparison
Thorndike vs. National Median
🏠 Thorndike
$248,275
National Median
$410,000
At $248,275, homes in Thorndike cost 39% below the national median of $410,000. This makes Thorndike a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Thorndike?
20% Down Payment
$49,655
on $248,275
Monthly P&I
$1,295/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,645/mo
incl. taxes & insurance
Income Needed
$65,800
gross annual (30% rule)
10% Down Option
$24,828
+ PMI applies
Loan Amount (20% dn)
$198,620
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 Thorndike, ME?
The median home value in Thorndike is $248,275 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.5% year-over-year.
How much have home prices changed in Thorndike?
Over the past year, home values in Thorndike have increased by 2.5%. Over five years, prices have risen approximately 26.8%.
How much do I need to earn to buy a home in Thorndike?
To comfortably afford the median home price of $248,275 with a 20% down payment ($49,655) at today's rates (6.8%), you'd need a gross annual income of approximately $65,800. This assumes keeping total housing costs at or below 30% of gross income.
How does Thorndike compare to the national average home price?
The national median home value is approximately $410,000. At $248,275, homes in Thorndike are 39% below the national average.