The typical owner-occupied home in Vanceboro is worth about $113,500, 62% below the Maine median of $296,600 and 66% below the national median of $332,700. Owners pay a median $980 a year in property taxes, about 0.86% of their home's value, lower than the Maine rate of 1.02%. 93% of occupied homes here are lived in by their owners, and 46% of those owners still have a mortgage.
Vanceboro at a glance
| Vanceboro | Maine | U.S. | |
|---|---|---|---|
| Median home value | $113,500 | $296,600 | $332,700 |
| Median property tax paid per year | $980 | $3,036 | $3,119 |
| Property tax as a share of value | 0.86% | 1.02% | 0.94% |
| Median household income | – | $74,733 | $80,734 |
| Homes lived in by their owners | 93% | 74% | 65% |
| Owner homes with a mortgage | 46% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,289 | $1,729 | $1,963 |
| Those costs as a share of the owners' income | 13.3% | 20.6% | 21.0% |
| Median rent | – | $1,139 | $1,413 |
| Median year homes were built | 1957 | 1977 | 1980 |
| Vacant homes | 32.7% | 20.6% | 10.1% |
| Population | 122 | 1,387,817 | 334,922,499 |
What a typical home costs per month in Vanceboro
At this week's average 30-year rate of 7.11%, buying the median Vanceboro home of $113,500 with 20% down costs about $739 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $929, 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 $31,691 for the 20%-down payment.
| Down payment | $22,700 |
|---|---|
| Loan amount | $90,800 |
| Principal and interest | $611 |
| Property taxes (0.86% a year) | $81 |
| Homeowners insurance (our estimate, 0.5% a year) | $47 |
| PMI | $0 |
| Total per month | $739 |
Change the numbers in the calculator
| Down payment | $3,972 |
|---|---|
| Loan amount | $111,444 |
| Principal and interest | $750 |
| Property taxes (0.86% a year) | $81 |
| Homeowners insurance (our estimate, 0.5% a year) | $47 |
| FHA mortgage insurance | $50 |
| Total per month | $929 |
Change the numbers in the calculator
Questions about home buying in Vanceboro
What is the median home value in Vanceboro?
About $113,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Vanceboro?
Homeowners pay a median $980 a year, which is about 0.86% 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 Vanceboro?
For the median home with 20% down at 7.11%, the payment is about $739 a month. Keeping that under 28% of gross income takes about $31,691 a year.
More about Vanceboro
- Mortgage Refinance in Vanceboro
- Debt Relief in Vanceboro
- Home Equity Loans in Vanceboro
- 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