The typical owner-occupied home in Kittery Point is worth about $481,700, 62% above the Maine median of $296,600 and 45% above the national median of $332,700. Owners pay a median $4,671 a year in property taxes, about 0.97% of their home's value, lower than the Maine rate of 1.02%. The median household earns $141,086 a year, so the median home costs 3.4 times the median income (4.0 times for Maine). 80% of occupied homes here are lived in by their owners, and 83% of those owners still have a mortgage.
Kittery Point at a glance
| Kittery Point | Maine | U.S. | |
|---|---|---|---|
| Median home value | $481,700 | $296,600 | $332,700 |
| Median property tax paid per year | $4,671 | $3,036 | $3,119 |
| Property tax as a share of value | 0.97% | 1.02% | 0.94% |
| Median household income | $141,086 | $74,733 | $80,734 |
| Homes lived in by their owners | 80% | 74% | 65% |
| Owner homes with a mortgage | 83% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $2,692 | $1,729 | $1,963 |
| Those costs as a share of the owners' income | 21.8% | 20.6% | 21.0% |
| Median rent | $1,791 | $1,139 | $1,413 |
| Rent as a share of renters' income | 16.4% | 29.4% | 30.6% |
| Median year homes were built | 1938 | 1977 | 1980 |
| Vacant homes | 3.5% | 20.6% | 10.1% |
| Population | 935 | 1,387,817 | 334,922,499 |
What a typical home costs per month in Kittery Point
At this week's average 30-year rate of 7.11%, buying the median Kittery Point home of $481,700 with 20% down costs about $3,182 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,985, 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 $136,389 for the 20%-down payment. That payment is 27% of the median Kittery Point household income of $141,086; at that income and 20% down, the 28% guideline points to a home of about $498,000.
The median rent here is $1,791 a month, so owning the median home costs about $1,391 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $96,340 |
|---|---|
| Loan amount | $385,360 |
| Principal and interest | $2,592 |
| Property taxes (0.97% a year) | $389 |
| Homeowners insurance (our estimate, 0.5% a year) | $201 |
| PMI | $0 |
| Total per month | $3,182 |
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| Down payment | $16,860 |
|---|---|
| Loan amount | $472,975 |
| Principal and interest | $3,182 |
| Property taxes (0.97% a year) | $389 |
| Homeowners insurance (our estimate, 0.5% a year) | $201 |
| FHA mortgage insurance | $213 |
| Total per month | $3,985 |
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Questions about home buying in Kittery Point
What is the median home value in Kittery Point?
About $481,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Kittery Point?
Homeowners pay a median $4,671 a year, which is about 0.97% 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 Kittery Point?
For the median home with 20% down at 7.11%, the payment is about $3,182 a month. Keeping that under 28% of gross income takes about $136,389 a year.
More about Kittery Point
- Mortgage Refinance in Kittery Point
- Debt Relief in Kittery Point
- Home Equity Loans in Kittery Point
- 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