The typical owner-occupied home in Machias is worth about $49,600, 88% below the New York median of $423,800 and 85% below the national median of $332,700. Owners pay a median $1,229 a year in property taxes, about 2.48% of their home's value, higher than the New York rate of 1.55%. The median household earns $74,178 a year, so the median home costs 0.7 times the median income (4.9 times for New York). 87% of occupied homes here are lived in by their owners, and 18% of those owners still have a mortgage.
Machias at a glance
| Machias | New York | U.S. | |
|---|---|---|---|
| Median home value | $49,600 | $423,800 | $332,700 |
| Median property tax paid per year | $1,229 | $6,582 | $3,119 |
| Property tax as a share of value | 2.48% | 1.55% | 0.94% |
| Median household income | $74,178 | $85,974 | $80,734 |
| Homes lived in by their owners | 87% | 54% | 65% |
| Owner homes with a mortgage | 18% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,616 | $2,555 | $1,963 |
| Those costs as a share of the owners' income | 26.6% | 22.5% | 21.0% |
| Median rent | $1,102 | $1,621 | $1,413 |
| Rent as a share of renters' income | 12.5% | 31.2% | 30.6% |
| Median year homes were built | 1980 | 1959 | 1980 |
| Vacant homes | 4.2% | 10.0% | 10.1% |
| Population | 751 | 19,852,366 | 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 $49,600 with 20% down costs about $390 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $473, 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 $16,719 for the 20%-down payment. That payment is 6% of the median Machias household income of $74,178; at that income and 20% down, the 28% guideline points to a home of about $220,000.
The median rent here is $1,102 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $9,920 |
|---|---|
| Loan amount | $39,680 |
| Principal and interest | $267 |
| Property taxes (2.48% a year) | $103 |
| Homeowners insurance (our estimate, 0.5% a year) | $21 |
| PMI | $0 |
| Total per month | $390 |
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| Down payment | $1,736 |
|---|---|
| Loan amount | $48,702 |
| Principal and interest | $328 |
| Property taxes (2.48% a year) | $103 |
| Homeowners insurance (our estimate, 0.5% a year) | $21 |
| FHA mortgage insurance | $22 |
| Total per month | $473 |
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Questions about home buying in Machias
What is the median home value in Machias?
About $49,600 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 $1,229 a year, which is about 2.48% 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 $390 a month. Keeping that under 28% of gross income takes about $16,719 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