The typical owner-occupied home in Blue Hill is worth about $384,800, 30% above the Maine median of $296,600 and 16% above the national median of $332,700. Owners pay a median $4,465 a year in property taxes, about 1.16% of their home's value, higher than the Maine rate of 1.02%. 42% of occupied homes here are lived in by their owners, and 39% of those owners still have a mortgage.
Blue Hill at a glance
| Blue Hill | Maine | U.S. | |
|---|---|---|---|
| Median home value | $384,800 | $296,600 | $332,700 |
| Median property tax paid per year | $4,465 | $3,036 | $3,119 |
| Property tax as a share of value | 1.16% | 1.02% | 0.94% |
| Median household income | – | $74,733 | $80,734 |
| Homes lived in by their owners | 42% | 74% | 65% |
| Owner homes with a mortgage | 39% | 58% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,729 | $1,963 |
| Those costs as a share of the owners' income | 13.6% | 20.6% | 21.0% |
| Median rent | $1,038 | $1,139 | $1,413 |
| Rent as a share of renters' income | 36.7% | 29.4% | 30.6% |
| Median year homes were built | 1978 | 1977 | 1980 |
| Vacant homes | 32.7% | 20.6% | 10.1% |
| Population | 799 | 1,387,817 | 334,922,499 |
What a typical home costs per month in Blue Hill
At this week's average 30-year rate of 7.11%, buying the median Blue Hill home of $384,800 with 20% down costs about $2,603 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,244, 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 $111,564 for the 20%-down payment.
The median rent here is $1,038 a month, so owning the median home costs about $1,565 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $76,960 |
|---|---|
| Loan amount | $307,840 |
| Principal and interest | $2,071 |
| Property taxes (1.16% a year) | $372 |
| Homeowners insurance (our estimate, 0.5% a year) | $160 |
| PMI | $0 |
| Total per month | $2,603 |
Change the numbers in the calculator
| Down payment | $13,468 |
|---|---|
| Loan amount | $377,830 |
| Principal and interest | $2,542 |
| Property taxes (1.16% a year) | $372 |
| Homeowners insurance (our estimate, 0.5% a year) | $160 |
| FHA mortgage insurance | $170 |
| Total per month | $3,244 |
Change the numbers in the calculator
Questions about home buying in Blue Hill
What is the median home value in Blue Hill?
About $384,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Blue Hill?
Homeowners pay a median $4,465 a year, which is about 1.16% 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 Blue Hill?
For the median home with 20% down at 7.11%, the payment is about $2,603 a month. Keeping that under 28% of gross income takes about $111,564 a year.
More about Blue Hill
- Mortgage Refinance in Blue Hill
- Debt Relief in Blue Hill
- Home Equity Loans in Blue Hill
- 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