The typical owner-occupied home in Grand Isle is worth about $82,200, 72% below the Maine median of $296,600 and 75% below the national median of $332,700. Owners pay a median $1,015 a year in property taxes, about 1.23% of their home's value, higher than the Maine rate of 1.02%. The median household earns $35,156 a year, so the median home costs 2.3 times the median income (4.0 times for Maine). 68% of occupied homes here are lived in by their owners, and 34% of those owners still have a mortgage.
Grand Isle at a glance
| Grand Isle | Maine | U.S. | |
|---|---|---|---|
| Median home value | $82,200 | $296,600 | $332,700 |
| Median property tax paid per year | $1,015 | $3,036 | $3,119 |
| Property tax as a share of value | 1.23% | 1.02% | 0.94% |
| Median household income | $35,156 | $74,733 | $80,734 |
| Homes lived in by their owners | 68% | 74% | 65% |
| Owner homes with a mortgage | 34% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,144 | $1,729 | $1,963 |
| Those costs as a share of the owners' income | 21.0% | 20.6% | 21.0% |
| Median rent | $585 | $1,139 | $1,413 |
| Rent as a share of renters' income | 32.5% | 29.4% | 30.6% |
| Median year homes were built | 1948 | 1977 | 1980 |
| Vacant homes | 5.7% | 20.6% | 10.1% |
| Population | 243 | 1,387,817 | 334,922,499 |
What a typical home costs per month in Grand Isle
At this week's average 30-year rate of 7.11%, buying the median Grand Isle home of $82,200 with 20% down costs about $561 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $698, 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 $24,038 for the 20%-down payment. That payment is 19% of the median Grand Isle household income of $35,156; at that income and 20% down, the 28% guideline points to a home of about $120,000.
The median rent here is $585 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $16,440 |
|---|---|
| Loan amount | $65,760 |
| Principal and interest | $442 |
| Property taxes (1.23% a year) | $84 |
| Homeowners insurance (our estimate, 0.5% a year) | $34 |
| PMI | $0 |
| Total per month | $561 |
Change the numbers in the calculator
| Down payment | $2,877 |
|---|---|
| Loan amount | $80,711 |
| Principal and interest | $543 |
| Property taxes (1.23% a year) | $84 |
| Homeowners insurance (our estimate, 0.5% a year) | $34 |
| FHA mortgage insurance | $36 |
| Total per month | $698 |
Change the numbers in the calculator
Questions about home buying in Grand Isle
What is the median home value in Grand Isle?
About $82,200 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Grand Isle?
Homeowners pay a median $1,015 a year, which is about 1.23% 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 Grand Isle?
For the median home with 20% down at 7.11%, the payment is about $561 a month. Keeping that under 28% of gross income takes about $24,038 a year.
More about Grand Isle
- Mortgage Refinance in Grand Isle
- Debt Relief in Grand Isle
- Home Equity Loans in Grand Isle
- 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