The typical owner-occupied home in Limestone is worth about $97,100, 67% below the Maine median of $296,600 and 71% below the national median of $332,700. Owners pay a median $1,276 a year in property taxes, about 1.31% of their home's value, higher than the Maine rate of 1.02%. The median household earns $52,607 a year, so the median home costs 1.8 times the median income (4.0 times for Maine). 64% of occupied homes here are lived in by their owners, and 36% of those owners still have a mortgage.
Limestone at a glance
| Limestone | Maine | U.S. | |
|---|---|---|---|
| Median home value | $97,100 | $296,600 | $332,700 |
| Median property tax paid per year | $1,276 | $3,036 | $3,119 |
| Property tax as a share of value | 1.31% | 1.02% | 0.94% |
| Median household income | $52,607 | $74,733 | $80,734 |
| Homes lived in by their owners | 64% | 74% | 65% |
| Owner homes with a mortgage | 36% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,176 | $1,729 | $1,963 |
| Those costs as a share of the owners' income | 13.5% | 20.6% | 21.0% |
| Median rent | $605 | $1,139 | $1,413 |
| Rent as a share of renters' income | 26.8% | 29.4% | 30.6% |
| Median year homes were built | 1956 | 1977 | 1980 |
| Vacant homes | 16.0% | 20.6% | 10.1% |
| Population | 1,079 | 1,387,817 | 334,922,499 |
What a typical home costs per month in Limestone
At this week's average 30-year rate of 7.11%, buying the median Limestone home of $97,100 with 20% down costs about $669 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $831, 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 $28,672 for the 20%-down payment. That payment is 15% of the median Limestone household income of $52,607; at that income and 20% down, the 28% guideline points to a home of about $178,000.
The median rent here is $605 a month, so owning the median home costs about $64 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $19,420 |
|---|---|
| Loan amount | $77,680 |
| Principal and interest | $523 |
| Property taxes (1.31% a year) | $106 |
| Homeowners insurance (our estimate, 0.5% a year) | $40 |
| PMI | $0 |
| Total per month | $669 |
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| Down payment | $3,398 |
|---|---|
| Loan amount | $95,341 |
| Principal and interest | $641 |
| Property taxes (1.31% a year) | $106 |
| Homeowners insurance (our estimate, 0.5% a year) | $40 |
| FHA mortgage insurance | $43 |
| Total per month | $831 |
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Questions about home buying in Limestone
What is the median home value in Limestone?
About $97,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Limestone?
Homeowners pay a median $1,276 a year, which is about 1.31% 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 Limestone?
For the median home with 20% down at 7.11%, the payment is about $669 a month. Keeping that under 28% of gross income takes about $28,672 a year.
More about Limestone
- Mortgage Refinance in Limestone
- Debt Relief in Limestone
- Home Equity Loans in Limestone
- 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