The typical owner-occupied home in Dexter is worth about $138,200, 53% below the Maine median of $296,600 and 58% below the national median of $332,700. Owners pay a median $1,962 a year in property taxes, about 1.42% of their home's value, higher than the Maine rate of 1.02%. The median household earns $53,654 a year, so the median home costs 2.6 times the median income (4.0 times for Maine). 50% of occupied homes here are lived in by their owners, and 46% of those owners still have a mortgage.
Dexter at a glance
| Dexter | Maine | U.S. | |
|---|---|---|---|
| Median home value | $138,200 | $296,600 | $332,700 |
| Median property tax paid per year | $1,962 | $3,036 | $3,119 |
| Property tax as a share of value | 1.42% | 1.02% | 0.94% |
| Median household income | $53,654 | $74,733 | $80,734 |
| Homes lived in by their owners | 50% | 74% | 65% |
| Owner homes with a mortgage | 46% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,191 | $1,729 | $1,963 |
| Those costs as a share of the owners' income | 26.8% | 20.6% | 21.0% |
| Median rent | $827 | $1,139 | $1,413 |
| Rent as a share of renters' income | 35.1% | 29.4% | 30.6% |
| Median year homes were built | 1966 | 1977 | 1980 |
| Vacant homes | 15.1% | 20.6% | 10.1% |
| Population | 1,852 | 1,387,817 | 334,922,499 |
What a typical home costs per month in Dexter
At this week's average 30-year rate of 7.11%, buying the median Dexter home of $138,200 with 20% down costs about $965 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,195, 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 $41,351 for the 20%-down payment. That payment is 22% of the median Dexter household income of $53,654; at that income and 20% down, the 28% guideline points to a home of about $179,000.
The median rent here is $827 a month, so owning the median home costs about $138 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $27,640 |
|---|---|
| Loan amount | $110,560 |
| Principal and interest | $744 |
| Property taxes (1.42% a year) | $164 |
| Homeowners insurance (our estimate, 0.5% a year) | $58 |
| PMI | $0 |
| Total per month | $965 |
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| Down payment | $4,837 |
|---|---|
| Loan amount | $135,697 |
| Principal and interest | $913 |
| Property taxes (1.42% a year) | $164 |
| Homeowners insurance (our estimate, 0.5% a year) | $58 |
| FHA mortgage insurance | $61 |
| Total per month | $1,195 |
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Questions about home buying in Dexter
What is the median home value in Dexter?
About $138,200 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Dexter?
Homeowners pay a median $1,962 a year, which is about 1.42% 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 Dexter?
For the median home with 20% down at 7.11%, the payment is about $965 a month. Keeping that under 28% of gross income takes about $41,351 a year.
More about Dexter
- Mortgage Refinance in Dexter
- Debt Relief in Dexter
- Home Equity Loans in Dexter
- 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