Mortgage payment estimates, closing cost breakdowns, and homebuying data for Waterville, Maine.
Pre-filled with Waterville median home price and Maine tax/insurance rates. Adjust for your property.
Estimated closing costs based on Maine rates and fees applied to Waterville prices.
The median home price in Waterville is $225,000, 36% below the Maine state median of $350,000. With a population of 16,623, Waterville 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 $225,000 home in Waterville would carry roughly $244/month in property taxes. Homeowners insurance in Maine runs approximately $1,300 per year. This is within the normal range nationally.
Average rent in Waterville is $1,050/month. The price-to-rent ratio in Waterville is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Waterville 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.