The typical owner-occupied home in Danforth is worth about $85,200, 71% below the Maine median of $296,600 and 74% below the national median of $332,700. The median household earns $42,264 a year, so the median home costs 2.0 times the median income (4.0 times for Maine). 79% of occupied homes here are lived in by their owners, and 60% of those owners still have a mortgage.
Danforth at a glance
| Danforth | Maine | U.S. | |
|---|---|---|---|
| Median home value | $85,200 | $296,600 | $332,700 |
| Median property tax paid per year | – | $3,036 | $3,119 |
| Median household income | $42,264 | $74,733 | $80,734 |
| Homes lived in by their owners | 79% | 74% | 65% |
| Owner homes with a mortgage | 60% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,491 | $1,729 | $1,963 |
| Those costs as a share of the owners' income | 32.4% | 20.6% | 21.0% |
| Median rent | $629 | $1,139 | $1,413 |
| Rent as a share of renters' income | 18.3% | 29.4% | 30.6% |
| Median year homes were built | 1981 | 1977 | 1980 |
| Vacant homes | 7.5% | 20.6% | 10.1% |
| Population | 452 | 1,387,817 | 334,922,499 |
What a typical home costs per month in Danforth
At this week's average 30-year rate of 7.11%, buying the median Danforth home of $85,200 with 20% down costs about $572 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $714, 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 $24,519 for the 20%-down payment. That payment is 16% of the median Danforth household income of $42,264; at that income and 20% down, the 28% guideline points to a home of about $147,000.
The median rent here is $629 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $17,040 |
|---|---|
| Loan amount | $68,160 |
| Principal and interest | $459 |
| Property taxes (1.10% a year) | $78 |
| Homeowners insurance (our estimate, 0.5% a year) | $36 |
| PMI | $0 |
| Total per month | $572 |
Change the numbers in the calculator
| Down payment | $2,982 |
|---|---|
| Loan amount | $83,657 |
| Principal and interest | $563 |
| Property taxes (1.10% a year) | $78 |
| Homeowners insurance (our estimate, 0.5% a year) | $36 |
| FHA mortgage insurance | $38 |
| Total per month | $714 |
Change the numbers in the calculator
Questions about home buying in Danforth
What is the median home value in Danforth?
About $85,200 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
What income do you need to buy a home in Danforth?
For the median home with 20% down at 7.11%, the payment is about $572 a month. Keeping that under 28% of gross income takes about $24,519 a year.
More about Danforth
- Mortgage Refinance in Danforth
- Debt Relief in Danforth
- Home Equity Loans in Danforth
- 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