The typical owner-occupied home in South Windham is worth about $314,300, 6% above the Maine median of $296,600 and 6% below the national median of $332,700. Owners pay a median $2,941 a year in property taxes, about 0.94% of their home's value, lower than the Maine rate of 1.02%. The median household earns $133,223 a year, so the median home costs 2.4 times the median income (4.0 times for Maine). 80% of occupied homes here are lived in by their owners, and 43% of those owners still have a mortgage.
South Windham at a glance
| South Windham | Maine | U.S. | |
|---|---|---|---|
| Median home value | $314,300 | $296,600 | $332,700 |
| Median property tax paid per year | $2,941 | $3,036 | $3,119 |
| Property tax as a share of value | 0.94% | 1.02% | 0.94% |
| Median household income | $133,223 | $74,733 | $80,734 |
| Homes lived in by their owners | 80% | 74% | 65% |
| Owner homes with a mortgage | 43% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,361 | $1,729 | $1,963 |
| Those costs as a share of the owners' income | 15.8% | 20.6% | 21.0% |
| Median rent | $1,824 | $1,139 | $1,413 |
| Rent as a share of renters' income | 16.0% | 29.4% | 30.6% |
| Median year homes were built | 1989 | 1977 | 1980 |
| Vacant homes | 0.0% | 20.6% | 10.1% |
| Population | 1,212 | 1,387,817 | 334,922,499 |
What a typical home costs per month in South Windham
At this week's average 30-year rate of 7.11%, buying the median South Windham home of $314,300 with 20% down costs about $2,069 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,592, 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 $88,655 for the 20%-down payment. That payment is 19% of the median South Windham household income of $133,223; at that income and 20% down, the 28% guideline points to a home of about $472,000.
The median rent here is $1,824 a month, so owning the median home costs about $245 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $62,860 |
|---|---|
| Loan amount | $251,440 |
| Principal and interest | $1,691 |
| Property taxes (0.94% a year) | $246 |
| Homeowners insurance (our estimate, 0.5% a year) | $131 |
| PMI | $0 |
| Total per month | $2,069 |
Change the numbers in the calculator
| Down payment | $11,000 |
|---|---|
| Loan amount | $308,607 |
| Principal and interest | $2,076 |
| Property taxes (0.94% a year) | $246 |
| Homeowners insurance (our estimate, 0.5% a year) | $131 |
| FHA mortgage insurance | $139 |
| Total per month | $2,592 |
Change the numbers in the calculator
Questions about home buying in South Windham
What is the median home value in South Windham?
About $314,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in South Windham?
Homeowners pay a median $2,941 a year, which is about 0.94% 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 South Windham?
For the median home with 20% down at 7.11%, the payment is about $2,069 a month. Keeping that under 28% of gross income takes about $88,655 a year.
More about South Windham
- Mortgage Refinance in South Windham
- Debt Relief in South Windham
- Home Equity Loans in South Windham
- 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