The typical owner-occupied home in Madawaska is worth about $158,300, 47% below the Maine median of $296,600 and 52% below the national median of $332,700. Owners pay a median $1,909 a year in property taxes, about 1.21% of their home's value, higher than the Maine rate of 1.02%. The median household earns $55,666 a year, so the median home costs 2.8 times the median income (4.0 times for Maine). 63% of occupied homes here are lived in by their owners, and 59% of those owners still have a mortgage.
Madawaska at a glance
| Madawaska | Maine | U.S. | |
|---|---|---|---|
| Median home value | $158,300 | $296,600 | $332,700 |
| Median property tax paid per year | $1,909 | $3,036 | $3,119 |
| Property tax as a share of value | 1.21% | 1.02% | 0.94% |
| Median household income | $55,666 | $74,733 | $80,734 |
| Homes lived in by their owners | 63% | 74% | 65% |
| Owner homes with a mortgage | 59% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,155 | $1,729 | $1,963 |
| Those costs as a share of the owners' income | 23.1% | 20.6% | 21.0% |
| Median rent | $626 | $1,139 | $1,413 |
| Rent as a share of renters' income | 39.7% | 29.4% | 30.6% |
| Median year homes were built | 1966 | 1977 | 1980 |
| Vacant homes | 9.7% | 20.6% | 10.1% |
| Population | 3,022 | 1,387,817 | 334,922,499 |
What a typical home costs per month in Madawaska
At this week's average 30-year rate of 7.11%, buying the median Madawaska home of $158,300 with 20% down costs about $1,078 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,341, 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 $46,179 for the 20%-down payment. That payment is 23% of the median Madawaska household income of $55,666; at that income and 20% down, the 28% guideline points to a home of about $191,000.
The median rent here is $626 a month, so owning the median home costs about $452 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $31,660 |
|---|---|
| Loan amount | $126,640 |
| Principal and interest | $852 |
| Property taxes (1.21% a year) | $160 |
| Homeowners insurance (our estimate, 0.5% a year) | $66 |
| PMI | $0 |
| Total per month | $1,078 |
Change the numbers in the calculator
| Down payment | $5,540 |
|---|---|
| Loan amount | $155,433 |
| Principal and interest | $1,046 |
| Property taxes (1.21% a year) | $160 |
| Homeowners insurance (our estimate, 0.5% a year) | $66 |
| FHA mortgage insurance | $70 |
| Total per month | $1,341 |
Change the numbers in the calculator
Questions about home buying in Madawaska
What is the median home value in Madawaska?
About $158,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Madawaska?
Homeowners pay a median $1,909 a year, which is about 1.21% 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 Madawaska?
For the median home with 20% down at 7.11%, the payment is about $1,078 a month. Keeping that under 28% of gross income takes about $46,179 a year.
More about Madawaska
- Mortgage Refinance in Madawaska
- Debt Relief in Madawaska
- Home Equity Loans in Madawaska
- 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