The typical owner-occupied home in Waldoboro is worth about $291,600, about the same as the Maine median of $296,600 and 12% below the national median of $332,700. Owners pay a median $3,057 a year in property taxes, about 1.05% of their home's value, close to the Maine rate of 1.02%. The median household earns $68,895 a year, so the median home costs 4.2 times the median income (4.0 times for Maine). 50% of occupied homes here are lived in by their owners, and 57% of those owners still have a mortgage.
Waldoboro at a glance
| Waldoboro | Maine | U.S. | |
|---|---|---|---|
| Median home value | $291,600 | $296,600 | $332,700 |
| Median property tax paid per year | $3,057 | $3,036 | $3,119 |
| Property tax as a share of value | 1.05% | 1.02% | 0.94% |
| Median household income | $68,895 | $74,733 | $80,734 |
| Homes lived in by their owners | 50% | 74% | 65% |
| Owner homes with a mortgage | 57% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,422 | $1,729 | $1,963 |
| Those costs as a share of the owners' income | 13.5% | 20.6% | 21.0% |
| Median rent | $344 | $1,139 | $1,413 |
| Rent as a share of renters' income | 24.3% | 29.4% | 30.6% |
| Median year homes were built | 1967 | 1977 | 1980 |
| Vacant homes | 4.4% | 20.6% | 10.1% |
| Population | 1,459 | 1,387,817 | 334,922,499 |
What a typical home costs per month in Waldoboro
At this week's average 30-year rate of 7.11%, buying the median Waldoboro home of $291,600 with 20% down costs about $1,946 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,432, 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 $83,397 for the 20%-down payment. That payment is 34% of the median Waldoboro household income of $68,895; at that income and 20% down, the 28% guideline points to a home of about $241,000.
The median rent here is $344 a month, so owning the median home costs about $1,602 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $58,320 |
|---|---|
| Loan amount | $233,280 |
| Principal and interest | $1,569 |
| Property taxes (1.05% a year) | $255 |
| Homeowners insurance (our estimate, 0.5% a year) | $122 |
| PMI | $0 |
| Total per month | $1,946 |
Change the numbers in the calculator
| Down payment | $10,206 |
|---|---|
| Loan amount | $286,318 |
| Principal and interest | $1,926 |
| Property taxes (1.05% a year) | $255 |
| Homeowners insurance (our estimate, 0.5% a year) | $122 |
| FHA mortgage insurance | $129 |
| Total per month | $2,432 |
Change the numbers in the calculator
Questions about home buying in Waldoboro
What is the median home value in Waldoboro?
About $291,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Waldoboro?
Homeowners pay a median $3,057 a year, which is about 1.05% 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 Waldoboro?
For the median home with 20% down at 7.11%, the payment is about $1,946 a month. Keeping that under 28% of gross income takes about $83,397 a year.
More about Waldoboro
- Mortgage Refinance in Waldoboro
- Debt Relief in Waldoboro
- Home Equity Loans in Waldoboro
- 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