The typical owner-occupied home in Houlton is worth about $129,600, 56% below the Maine median of $296,600 and 61% below the national median of $332,700. Owners pay a median $1,690 a year in property taxes, about 1.30% of their home's value, higher than the Maine rate of 1.02%. The median household earns $59,236 a year, so the median home costs 2.2 times the median income (4.0 times for Maine). 64% of occupied homes here are lived in by their owners, and 64% of those owners still have a mortgage.
Houlton at a glance
| Houlton | Maine | U.S. | |
|---|---|---|---|
| Median home value | $129,600 | $296,600 | $332,700 |
| Median property tax paid per year | $1,690 | $3,036 | $3,119 |
| Property tax as a share of value | 1.30% | 1.02% | 0.94% |
| Median household income | $59,236 | $74,733 | $80,734 |
| Homes lived in by their owners | 64% | 74% | 65% |
| Owner homes with a mortgage | 64% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,305 | $1,729 | $1,963 |
| Those costs as a share of the owners' income | 15.6% | 20.6% | 21.0% |
| Median rent | $814 | $1,139 | $1,413 |
| Rent as a share of renters' income | 36.4% | 29.4% | 30.6% |
| Median year homes were built | 1954 | 1977 | 1980 |
| Vacant homes | 8.7% | 20.6% | 10.1% |
| Population | 5,082 | 1,387,817 | 334,922,499 |
What a typical home costs per month in Houlton
At this week's average 30-year rate of 7.11%, buying the median Houlton home of $129,600 with 20% down costs about $892 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,108, 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 $38,223 for the 20%-down payment. That payment is 18% of the median Houlton household income of $59,236; at that income and 20% down, the 28% guideline points to a home of about $201,000.
The median rent here is $814 a month, so owning the median home costs about $78 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $25,920 |
|---|---|
| Loan amount | $103,680 |
| Principal and interest | $697 |
| Property taxes (1.30% a year) | $140 |
| Homeowners insurance (our estimate, 0.5% a year) | $54 |
| PMI | $0 |
| Total per month | $892 |
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| Down payment | $4,536 |
|---|---|
| Loan amount | $127,253 |
| Principal and interest | $856 |
| Property taxes (1.30% a year) | $140 |
| Homeowners insurance (our estimate, 0.5% a year) | $54 |
| FHA mortgage insurance | $57 |
| Total per month | $1,108 |
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Questions about home buying in Houlton
What is the median home value in Houlton?
About $129,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Houlton?
Homeowners pay a median $1,690 a year, which is about 1.30% 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 Houlton?
For the median home with 20% down at 7.11%, the payment is about $892 a month. Keeping that under 28% of gross income takes about $38,223 a year.
More about Houlton
- Mortgage Refinance in Houlton
- Debt Relief in Houlton
- Home Equity Loans in Houlton
- 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