The typical owner-occupied home in Cape Neddick is worth about $684,400, 2.3 times the Maine median of $296,600 and 2.1 times the national median of $332,700. Owners pay a median $5,151 a year in property taxes, about 0.75% of their home's value, lower than the Maine rate of 1.02%. The median household earns $108,412 a year, so the median home costs 6.3 times the median income (4.0 times for Maine). 89% of occupied homes here are lived in by their owners, and 36% of those owners still have a mortgage.
Cape Neddick at a glance
| Cape Neddick | Maine | U.S. | |
|---|---|---|---|
| Median home value | $684,400 | $296,600 | $332,700 |
| Median property tax paid per year | $5,151 | $3,036 | $3,119 |
| Property tax as a share of value | 0.75% | 1.02% | 0.94% |
| Median household income | $108,412 | $74,733 | $80,734 |
| Homes lived in by their owners | 89% | 74% | 65% |
| Owner homes with a mortgage | 36% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $2,775 | $1,729 | $1,963 |
| Those costs as a share of the owners' income | 31.7% | 20.6% | 21.0% |
| Median rent | $1,750 | $1,139 | $1,413 |
| Rent as a share of renters' income | 43.5% | 29.4% | 30.6% |
| Median year homes were built | 1969 | 1977 | 1980 |
| Vacant homes | 64.0% | 20.6% | 10.1% |
| Population | 2,453 | 1,387,817 | 334,922,499 |
What a typical home costs per month in Cape Neddick
At this week's average 30-year rate of 7.11%, buying the median Cape Neddick home of $684,400 with 20% down costs about $4,396 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $5,536, 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 $188,405 for the 20%-down payment. That payment is 49% of the median Cape Neddick household income of $108,412; at that income and 20% down, the 28% guideline points to a home of about $394,000.
The median rent here is $1,750 a month, so owning the median home costs about $2,646 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $136,880 |
|---|---|
| Loan amount | $547,520 |
| Principal and interest | $3,683 |
| Property taxes (0.75% a year) | $428 |
| Homeowners insurance (our estimate, 0.5% a year) | $285 |
| PMI | $0 |
| Total per month | $4,396 |
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| Down payment | $23,954 |
|---|---|
| Loan amount | $672,004 |
| Principal and interest | $4,521 |
| Property taxes (0.75% a year) | $428 |
| Homeowners insurance (our estimate, 0.5% a year) | $285 |
| FHA mortgage insurance | $303 |
| Total per month | $5,536 |
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Questions about home buying in Cape Neddick
What is the median home value in Cape Neddick?
About $684,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Cape Neddick?
Homeowners pay a median $5,151 a year, which is about 0.75% 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 Cape Neddick?
For the median home with 20% down at 7.11%, the payment is about $4,396 a month. Keeping that under 28% of gross income takes about $188,405 a year.
More about Cape Neddick
- Mortgage Refinance in Cape Neddick
- Debt Relief in Cape Neddick
- Home Equity Loans in Cape Neddick
- 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