The typical owner-occupied home in Eagle Lake is worth about $170,800, 42% below the Maine median of $296,600 and 49% below the national median of $332,700. Owners pay a median $1,333 a year in property taxes, about 0.78% of their home's value, lower than the Maine rate of 1.02%. The median household earns $36,875 a year, so the median home costs 4.6 times the median income (4.0 times for Maine). 65% of occupied homes here are lived in by their owners, and 51% of those owners still have a mortgage.
Eagle Lake at a glance
| Eagle Lake | Maine | U.S. | |
|---|---|---|---|
| Median home value | $170,800 | $296,600 | $332,700 |
| Median property tax paid per year | $1,333 | $3,036 | $3,119 |
| Property tax as a share of value | 0.78% | 1.02% | 0.94% |
| Median household income | $36,875 | $74,733 | $80,734 |
| Homes lived in by their owners | 65% | 74% | 65% |
| Owner homes with a mortgage | 51% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $900 | $1,729 | $1,963 |
| Those costs as a share of the owners' income | 12.6% | 20.6% | 21.0% |
| Median rent | $508 | $1,139 | $1,413 |
| Rent as a share of renters' income | 27.7% | 29.4% | 30.6% |
| Median year homes were built | 1972 | 1977 | 1980 |
| Vacant homes | 59.0% | 20.6% | 10.1% |
| Population | 360 | 1,387,817 | 334,922,499 |
What a typical home costs per month in Eagle Lake
At this week's average 30-year rate of 7.11%, buying the median Eagle Lake home of $170,800 with 20% down costs about $1,101 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,386, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $47,202 for the 20%-down payment. That payment is 36% of the median Eagle Lake household income of $36,875; at that income and 20% down, the 28% guideline points to a home of about $133,000.
The median rent here is $508 a month, so owning the median home costs about $593 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $34,160 |
|---|---|
| Loan amount | $136,640 |
| Principal and interest | $919 |
| Property taxes (0.78% a year) | $111 |
| Homeowners insurance (our estimate, 0.5% a year) | $71 |
| PMI | $0 |
| Total per month | $1,101 |
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| Down payment | $5,978 |
|---|---|
| Loan amount | $167,706 |
| Principal and interest | $1,128 |
| Property taxes (0.78% a year) | $111 |
| Homeowners insurance (our estimate, 0.5% a year) | $71 |
| FHA mortgage insurance | $76 |
| Total per month | $1,386 |
Change the numbers in the calculator
Questions about home buying in Eagle Lake
What is the median home value in Eagle Lake?
About $170,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Eagle Lake?
Homeowners pay a median $1,333 a year, which is about 0.78% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Eagle Lake?
For the median home with 20% down at 7.11%, the payment is about $1,101 a month. Keeping that under 28% of gross income takes about $47,202 a year.
More about Eagle Lake
- Mortgage Refinance in Eagle Lake
- Debt Relief in Eagle Lake
- Home Equity Loans in Eagle Lake
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data