Mortgage payment estimates, closing cost breakdowns, and homebuying data for Lewiston, Maine.
Median Home Price
$245K
Population
37K
Avg Monthly Rent
$1,220
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 Lewiston.
Lewiston vs Maine Median
The median home price in Lewiston is $245,000, which is 30% below the Maine state median of $350,000.
Mortgage Calculator — Lewiston, ME
Pre-filled with Lewiston median home price and Maine tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $245K home using Maine's 1.3% tax rate and $1,300/yr insurance.
5% Down
$1,981/mo
Down: $12,250
Loan: $233K
P&I: $1,471
Tax: $265
Insurance: $108
PMI: $136
10% Down
$1,896/mo
Down: $24,500
Loan: $221K
P&I: $1,394
Tax: $265
Insurance: $108
PMI: $129
20% Down (No PMI)
$1,613/mo
Down: $49,000
Loan: $196K
P&I: $1,239
Tax: $265
Insurance: $108
Income needed (28% rule): $69K/year with 20% down, $81K/year with 10% down.
Rent vs Buy in Lewiston
Rent
$1,220/mo
vs
Buy (10% down)
$1,896/mo
Price-to-rent ratio: 16.7 — A ratio between 15-20 means the rent vs buy decision in Lewiston 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 Lewiston is $245,000, 30% below the Maine state median of $350,000. With a population of 37,121, Lewiston 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 $245,000 home in Lewiston would carry roughly $265/month in property taxes. Homeowners insurance in Maine runs approximately $1,300 per year. This is within the normal range nationally.
Average rent in Lewiston is $1,220/month. The price-to-rent ratio in Lewiston is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Lewiston offers strong affordability. With median prices under $250K, first-time buyers have realistic paths to homeownership, especially combined with Maine's MaineHousing First Home program.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Lewiston.