The typical owner-occupied home in Fryeburg is worth about $264,700, 11% below the Maine median of $296,600 and 20% below the national median of $332,700. Owners pay a median $2,513 a year in property taxes, about 0.95% of their home's value, lower than the Maine rate of 1.02%. The median household earns $57,083 a year, so the median home costs 4.6 times the median income (4.0 times for Maine). 75% of occupied homes here are lived in by their owners, and 57% of those owners still have a mortgage.
Fryeburg at a glance
| Fryeburg | Maine | U.S. | |
|---|---|---|---|
| Median home value | $264,700 | $296,600 | $332,700 |
| Median property tax paid per year | $2,513 | $3,036 | $3,119 |
| Property tax as a share of value | 0.95% | 1.02% | 0.94% |
| Median household income | $57,083 | $74,733 | $80,734 |
| Homes lived in by their owners | 75% | 74% | 65% |
| Owner homes with a mortgage | 57% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,278 | $1,729 | $1,963 |
| Those costs as a share of the owners' income | 14.6% | 20.6% | 21.0% |
| Median rent | $837 | $1,139 | $1,413 |
| Rent as a share of renters' income | 36.9% | 29.4% | 30.6% |
| Median year homes were built | 1970 | 1977 | 1980 |
| Vacant homes | 19.1% | 20.6% | 10.1% |
| Population | 1,484 | 1,387,817 | 334,922,499 |
What a typical home costs per month in Fryeburg
At this week's average 30-year rate of 7.11%, buying the median Fryeburg home of $264,700 with 20% down costs about $1,744 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,185, 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 $74,759 for the 20%-down payment. That payment is 37% of the median Fryeburg household income of $57,083; at that income and 20% down, the 28% guideline points to a home of about $202,000.
The median rent here is $837 a month, so owning the median home costs about $907 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $52,940 |
|---|---|
| Loan amount | $211,760 |
| Principal and interest | $1,425 |
| Property taxes (0.95% a year) | $210 |
| Homeowners insurance (our estimate, 0.5% a year) | $110 |
| PMI | $0 |
| Total per month | $1,744 |
Change the numbers in the calculator
| Down payment | $9,264 |
|---|---|
| Loan amount | $259,906 |
| Principal and interest | $1,748 |
| Property taxes (0.95% a year) | $210 |
| Homeowners insurance (our estimate, 0.5% a year) | $110 |
| FHA mortgage insurance | $117 |
| Total per month | $2,185 |
Change the numbers in the calculator
Questions about home buying in Fryeburg
What is the median home value in Fryeburg?
About $264,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Fryeburg?
Homeowners pay a median $2,513 a year, which is about 0.95% 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 Fryeburg?
For the median home with 20% down at 7.11%, the payment is about $1,744 a month. Keeping that under 28% of gross income takes about $74,759 a year.
More about Fryeburg
- Mortgage Refinance in Fryeburg
- Debt Relief in Fryeburg
- Home Equity Loans in Fryeburg
- 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