Mortgage payment estimates, closing cost breakdowns, and homebuying data for Auburn, Maine.
Median Home Price
$255K
Population
24K
Avg Monthly Rent
$1,250
Property Tax Rate
1.3% *
* Property tax shown is the Maine state average effective rate. Actual rates vary by county, city, and school district — check with your local assessor for exact rates in Auburn.
Auburn vs Maine Median
The median home price in Auburn is $255,000, which is 27% below the Maine state median of $350,000.
Mortgage Calculator — Auburn, ME
Pre-filled with Auburn median home price and Maine tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $255K home using Maine's 1.3% tax rate and $1,300/yr insurance.
5% Down
$2,057/mo
Down: $12,750
Loan: $242K
P&I: $1,531
Tax: $276
Insurance: $108
PMI: $141
10% Down
$1,969/mo
Down: $25,500
Loan: $230K
P&I: $1,451
Tax: $276
Insurance: $108
PMI: $134
20% Down (No PMI)
$1,674/mo
Down: $51,000
Loan: $204K
P&I: $1,289
Tax: $276
Insurance: $108
Income needed (28% rule): $72K/year with 20% down, $84K/year with 10% down.
Rent vs Buy in Auburn
Rent
$1,250/mo
vs
Buy (10% down)
$1,969/mo
Price-to-rent ratio: 17.0 — A ratio between 15-20 means the rent vs buy decision in Auburn depends heavily on your timeline. If you plan to stay 5+ years, buying likely wins. For shorter stays, renting preserves flexibility.
The median home price in Auburn is $255,000, 27% below the Maine state median of $350,000. With a population of 24,220, Auburn is a smaller market where home prices tend to be more accessible than in many parts of Maine.
Property taxes in Maine average 1.3% annually. This moderate property tax rate means a $255,000 home in Auburn would carry roughly $276/month in property taxes. Homeowners insurance in Maine runs approximately $1,300 per year. This is within the normal range nationally.
Average rent in Auburn is $1,250/month. The price-to-rent ratio in Auburn is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Auburn presents moderate affordability. The $255K median puts homeownership within reach for median-income households, though down payment savings and closing costs require planning.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Auburn.