The typical owner-occupied home in Yarmouth is worth about $576,900, 95% above the Maine median of $296,600 and 73% above the national median of $332,700. Owners pay a median $6,643 a year in property taxes, about 1.15% of their home's value, higher than the Maine rate of 1.02%. The median household earns $93,575 a year, so the median home costs 6.2 times the median income (4.0 times for Maine). 74% of occupied homes here are lived in by their owners, and 83% of those owners still have a mortgage.
Yarmouth at a glance
| Yarmouth | Maine | U.S. | |
|---|---|---|---|
| Median home value | $576,900 | $296,600 | $332,700 |
| Median property tax paid per year | $6,643 | $3,036 | $3,119 |
| Property tax as a share of value | 1.15% | 1.02% | 0.94% |
| Median household income | $93,575 | $74,733 | $80,734 |
| Homes lived in by their owners | 74% | 74% | 65% |
| Owner homes with a mortgage | 83% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $2,725 | $1,729 | $1,963 |
| Those costs as a share of the owners' income | 24.5% | 20.6% | 21.0% |
| Median rent | $1,663 | $1,139 | $1,413 |
| Rent as a share of renters' income | 30.8% | 29.4% | 30.6% |
| Median year homes were built | 1970 | 1977 | 1980 |
| Vacant homes | 1.1% | 20.6% | 10.1% |
| Population | 6,289 | 1,387,817 | 334,922,499 |
What a typical home costs per month in Yarmouth
At this week's average 30-year rate of 7.11%, buying the median Yarmouth home of $576,900 with 20% down costs about $3,898 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $4,859, 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 $167,053 for the 20%-down payment. That payment is 50% of the median Yarmouth household income of $93,575; at that income and 20% down, the 28% guideline points to a home of about $323,000.
The median rent here is $1,663 a month, so owning the median home costs about $2,235 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $115,380 |
|---|---|
| Loan amount | $461,520 |
| Principal and interest | $3,105 |
| Property taxes (1.15% a year) | $553 |
| Homeowners insurance (our estimate, 0.5% a year) | $240 |
| PMI | $0 |
| Total per month | $3,898 |
Change the numbers in the calculator
| Down payment | $20,192 |
|---|---|
| Loan amount | $566,451 |
| Principal and interest | $3,811 |
| Property taxes (1.15% a year) | $553 |
| Homeowners insurance (our estimate, 0.5% a year) | $240 |
| FHA mortgage insurance | $255 |
| Total per month | $4,859 |
Change the numbers in the calculator
Questions about home buying in Yarmouth
What is the median home value in Yarmouth?
About $576,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Yarmouth?
Homeowners pay a median $6,643 a year, which is about 1.15% 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 Yarmouth?
For the median home with 20% down at 7.11%, the payment is about $3,898 a month. Keeping that under 28% of gross income takes about $167,053 a year.
More about Yarmouth
- Mortgage Refinance in Yarmouth
- Debt Relief in Yarmouth
- Home Equity Loans in Yarmouth
- 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