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Biddeford vs Saco:
Housing Costs in Maine

Side-by-side comparison of home prices, mortgage payments, and housing costs between Biddeford and Saco, Maine. Using Maine's 1.3% property tax rate and $1,300/year insurance. Updated for 2026.

MetricBiddefordSaco
Median Home Price$365K$395K
Population22,51620,381
Average Rent$1,480/mo$1,450/mo
Est. Monthly Mortgage (P&I)$2,076/mo$2,247/mo
Est. Monthly Property Tax$395/mo$428/mo
Est. Monthly Insurance$108/mo$108/mo
Est. Total PITI$2,717/mo$2,931/mo
Price-to-Rent Ratio20.622.7
Verdict

Biddeford edges out Saco in affordability, saving you roughly $214/month on total housing costs. Both cities are in Maine, so property tax rates and insurance costs are the same — the difference comes down to home prices and what you get for your money in each market.

Monthly Payment Comparison

Estimated PITI payments assuming 10% down, 6.5% rate, 30-year fixed mortgage with PMI. Uses Maine's 1.3% property tax rate.

Biddeford
Home Price$365,000
Down Payment (10%)$36,500
Loan Amount$328,500
Monthly P&I$2,076
Monthly Property Tax$395
Monthly Insurance$108
Monthly PMI$137
Total PITI$2,717/mo
Annual property tax: $4,745
Saco
Home Price$395,000
Down Payment (10%)$39,500
Loan Amount$355,500
Monthly P&I$2,247
Monthly Property Tax$428
Monthly Insurance$108
Monthly PMI$148
Total PITI$2,931/mo
Annual property tax: $5,135

Buying in Biddeford saves you approximately $214/month ($2,568/year) compared to Saco, based on median home prices with identical loan terms.

Which City Is Better For...

First-Time Buyers

Biddeford is the better choice for first-time buyers, with a median price of $365K versus $395K in Saco. That's $30K less to save for a down payment. You'd need roughly $13K for an FHA 3.5% down payment in Biddeford, compared to $14K in Saco. Maine offers the MaineHousing First Home program ($5,000 Advantage grant) which applies in both cities.

Real Estate Investment

Biddeford has the better price-to-rent ratio at 20.6x versus 22.7x in Saco. A lower ratio generally signals better rental income relative to purchase price. Average rent in Biddeford is $1,480/month on a $365K median home, making it a stronger candidate for buy-and-rent investors.

Families

Biddeford (pop. 22,516) offers more amenities, schools, and services typical of a larger city, while Saco (pop. 20,381) may offer a quieter, more community-oriented lifestyle. Biddeford offers both more options and lower housing costs, making it attractive for families who want urban amenities without a premium price.

Income Needed to Afford the Median Home

Biddeford
$116K
annual household income
Based on $2,717/mo PITI at 28% DTI
Saco
$126K
annual household income
Based on $2,931/mo PITI at 28% DTI

Other Cities in Maine

Portland$475K
Pop. 68,408 · Rent $1,850/mo
Lewiston$245K
Pop. 37,121 · Rent $1,220/mo
Bangor$235K
Pop. 32,029 · Rent $1,150/mo
South Portland$425K
Pop. 25,665 · Rent $1,720/mo
Auburn$255K
Pop. 24,220 · Rent $1,250/mo
Sanford$285K
Pop. 21,805 · Rent $1,280/mo
Scarborough$495K
Pop. 22,135 · Rent $1,850/mo
Brunswick$385K
Pop. 21,756 · Rent $1,520/mo

Explore Maine

Maine Mortgage Guide$350K median →
1.3% tax · $5K closing · $1,300/yr insurance
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