The typical owner-occupied home in Machias is worth about $136,300, 54% below the Maine median of $296,600 and 59% below the national median of $332,700. Owners pay a median $1,890 a year in property taxes, about 1.39% of their home's value, higher than the Maine rate of 1.02%. The median household earns $27,926 a year, so the median home costs 4.9 times the median income (4.0 times for Maine). 36% of occupied homes here are lived in by their owners, and 61% of those owners still have a mortgage.
Machias at a glance
| Machias | Maine | U.S. | |
|---|---|---|---|
| Median home value | $136,300 | $296,600 | $332,700 |
| Median property tax paid per year | $1,890 | $3,036 | $3,119 |
| Property tax as a share of value | 1.39% | 1.02% | 0.94% |
| Median household income | $27,926 | $74,733 | $80,734 |
| Homes lived in by their owners | 36% | 74% | 65% |
| Owner homes with a mortgage | 61% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,531 | $1,729 | $1,963 |
| Those costs as a share of the owners' income | 31.1% | 20.6% | 21.0% |
| Median rent | $656 | $1,139 | $1,413 |
| Rent as a share of renters' income | 31.8% | 29.4% | 30.6% |
| Median year homes were built | 1957 | 1977 | 1980 |
| Vacant homes | 18.4% | 20.6% | 10.1% |
| Population | 1,316 | 1,387,817 | 334,922,499 |
What a typical home costs per month in Machias
At this week's average 30-year rate of 7.11%, buying the median Machias home of $136,300 with 20% down costs about $948 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,175, 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 $40,637 for the 20%-down payment. That payment is 41% of the median Machias household income of $27,926; at that income and 20% down, the 28% guideline points to a home of about $94,000.
The median rent here is $656 a month, so owning the median home costs about $292 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $27,260 |
|---|---|
| Loan amount | $109,040 |
| Principal and interest | $734 |
| Property taxes (1.39% a year) | $158 |
| Homeowners insurance (our estimate, 0.5% a year) | $57 |
| PMI | $0 |
| Total per month | $948 |
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| Down payment | $4,770 |
|---|---|
| Loan amount | $133,831 |
| Principal and interest | $900 |
| Property taxes (1.39% a year) | $158 |
| Homeowners insurance (our estimate, 0.5% a year) | $57 |
| FHA mortgage insurance | $60 |
| Total per month | $1,175 |
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Questions about home buying in Machias
What is the median home value in Machias?
About $136,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Machias?
Homeowners pay a median $1,890 a year, which is about 1.39% 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 Machias?
For the median home with 20% down at 7.11%, the payment is about $948 a month. Keeping that under 28% of gross income takes about $40,637 a year.
More about Machias
- Mortgage Refinance in Machias
- Debt Relief in Machias
- Home Equity Loans in Machias
- 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