The typical owner-occupied home in Lubec is worth about $216,800, 27% below the Maine median of $296,600 and 35% below the national median of $332,700. Owners pay a median $2,198 a year in property taxes, about 1.01% of their home's value, close to the Maine rate of 1.02%. The median household earns $51,429 a year, so the median home costs 4.2 times the median income (4.0 times for Maine). 81% of occupied homes here are lived in by their owners, and 29% of those owners still have a mortgage.
Lubec at a glance
| Lubec | Maine | U.S. | |
|---|---|---|---|
| Median home value | $216,800 | $296,600 | $332,700 |
| Median property tax paid per year | $2,198 | $3,036 | $3,119 |
| Property tax as a share of value | 1.01% | 1.02% | 0.94% |
| Median household income | $51,429 | $74,733 | $80,734 |
| Homes lived in by their owners | 81% | 74% | 65% |
| Owner homes with a mortgage | 29% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $988 | $1,729 | $1,963 |
| Those costs as a share of the owners' income | 27.0% | 20.6% | 21.0% |
| Median rent | – | $1,139 | $1,413 |
| Rent as a share of renters' income | 26.4% | 29.4% | 30.6% |
| Median year homes were built | 1938 | 1977 | 1980 |
| Vacant homes | 50.6% | 20.6% | 10.1% |
| Population | 277 | 1,387,817 | 334,922,499 |
What a typical home costs per month in Lubec
At this week's average 30-year rate of 7.11%, buying the median Lubec home of $216,800 with 20% down costs about $1,440 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,801, 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 $61,695 for the 20%-down payment. That payment is 34% of the median Lubec household income of $51,429; at that income and 20% down, the 28% guideline points to a home of about $181,000.
| Down payment | $43,360 |
|---|---|
| Loan amount | $173,440 |
| Principal and interest | $1,167 |
| Property taxes (1.01% a year) | $182 |
| Homeowners insurance (our estimate, 0.5% a year) | $90 |
| PMI | $0 |
| Total per month | $1,440 |
Change the numbers in the calculator
| Down payment | $7,588 |
|---|---|
| Loan amount | $212,873 |
| Principal and interest | $1,432 |
| Property taxes (1.01% a year) | $182 |
| Homeowners insurance (our estimate, 0.5% a year) | $90 |
| FHA mortgage insurance | $96 |
| Total per month | $1,801 |
Change the numbers in the calculator
Questions about home buying in Lubec
What is the median home value in Lubec?
About $216,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Lubec?
Homeowners pay a median $2,198 a year, which is about 1.01% 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 Lubec?
For the median home with 20% down at 7.11%, the payment is about $1,440 a month. Keeping that under 28% of gross income takes about $61,695 a year.
More about Lubec
- Mortgage Refinance in Lubec
- Debt Relief in Lubec
- Home Equity Loans in Lubec
- 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