Mortgage payment estimates, closing cost breakdowns, and homebuying data for Scarborough, Maine.
Pre-filled with Scarborough median home price and Maine tax/insurance rates. Adjust for your property.
Estimated closing costs based on Maine rates and fees applied to Scarborough prices.
The median home price in Scarborough is $495,000, 41% above the Maine state median of $350,000. With a population of 22,135, Scarborough is a smaller market where home prices reflect strong demand and local economic factors.
Property taxes in Maine average 1.3% annually. This moderate property tax rate means a $495,000 home in Scarborough would carry roughly $536/month in property taxes. Homeowners insurance in Maine runs approximately $1,300 per year. This is within the normal range nationally.
Average rent in Scarborough is $1,850/month. With a price-to-rent ratio above 20, renting could be more economical in the short term — use our Rent vs Buy calculator to model your specific timeline.
Scarborough is a higher-cost market. At $495K median, buyers need significant savings or strong income. Down payment assistance through Maine's MaineHousing First Home program becomes especially important.