The typical owner-occupied home in Bowdoinham is worth about $419,400, 41% above the Maine median of $296,600 and 26% above the national median of $332,700. Owners pay a median $2,988 a year in property taxes, about 0.71% of their home's value, lower than the Maine rate of 1.02%. 73% of occupied homes here are lived in by their owners, and 58% of those owners still have a mortgage.
Bowdoinham at a glance
| Bowdoinham | Maine | U.S. | |
|---|---|---|---|
| Median home value | $419,400 | $296,600 | $332,700 |
| Median property tax paid per year | $2,988 | $3,036 | $3,119 |
| Property tax as a share of value | 0.71% | 1.02% | 0.94% |
| Median household income | – | $74,733 | $80,734 |
| Homes lived in by their owners | 73% | 74% | 65% |
| Owner homes with a mortgage | 58% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $2,477 | $1,729 | $1,963 |
| Those costs as a share of the owners' income | 24.5% | 20.6% | 21.0% |
| Median rent | – | $1,139 | $1,413 |
| Median year homes were built | 1973 | 1977 | 1980 |
| Vacant homes | 13.8% | 20.6% | 10.1% |
| Population | 766 | 1,387,817 | 334,922,499 |
What a typical home costs per month in Bowdoinham
At this week's average 30-year rate of 7.11%, buying the median Bowdoinham home of $419,400 with 20% down costs about $2,680 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,379, 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 $114,855 for the 20%-down payment.
| Down payment | $83,880 |
|---|---|
| Loan amount | $335,520 |
| Principal and interest | $2,257 |
| Property taxes (0.71% a year) | $248 |
| Homeowners insurance (our estimate, 0.5% a year) | $175 |
| PMI | $0 |
| Total per month | $2,680 |
Change the numbers in the calculator
| Down payment | $14,679 |
|---|---|
| Loan amount | $411,804 |
| Principal and interest | $2,770 |
| Property taxes (0.71% a year) | $248 |
| Homeowners insurance (our estimate, 0.5% a year) | $175 |
| FHA mortgage insurance | $186 |
| Total per month | $3,379 |
Change the numbers in the calculator
Questions about home buying in Bowdoinham
What is the median home value in Bowdoinham?
About $419,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Bowdoinham?
Homeowners pay a median $2,988 a year, which is about 0.71% 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 Bowdoinham?
For the median home with 20% down at 7.11%, the payment is about $2,680 a month. Keeping that under 28% of gross income takes about $114,855 a year.
More about Bowdoinham
- Mortgage Refinance in Bowdoinham
- Debt Relief in Bowdoinham
- Home Equity Loans in Bowdoinham
- 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