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New Report Fall 2026 Housing Affordability Report: every state is less affordable than in late August as average 30-year mortgage rates passed 7%. Read the report

Augusta, ME Housing Affordability Index

Augusta, Maine has an MBR Housing Affordability Index score of 92.9 (Near National Average) as of October 30, 2026, ranking 85th most affordable of 128 scored Maine cities, compared with 95.4 statewide and 97.4 nationally. On a median-priced $201,000 home with 20% down, the Maine average 30-year fixed rate of 7.19% means a monthly principal and interest payment of about $1,090, or 27% of the city’s $47,979 median household income.

The MBR Housing Affordability Index (MBR-HAI) for Augusta is updated every night from live Maine mortgage rates and U.S. Census Bureau income, home value and housing cost data for the city. A score of 100 equals the national average; higher scores mean homeownership is more affordable.

Augusta MBR-HAI 92.9 Near National Average
Rank in Maine 85 of 128 1 = most affordable
Maine 95.4 Statewide score
National 97.4 100 = baseline
Avg 30-yr rate 7.19% Maine lenders
Median home value $201,000 U.S. Census Bureau

Augusta is 2.5 points below the Maine score. Scores as of October 30, 2026. See the Maine index

View Augusta Mortgage Rates

See What You Can Afford in Augusta, Maine

Use this Augusta, Maine home affordability calculator to see how much house you can afford at today’s Maine average 30-year mortgage rate of 7.19%. A household earning the Augusta median income of $47,979, with no other debts and $40,000 down, can afford a home of about $170,899, compared with a median home value of $201,000. Buying the median priced home with 20% down takes a household income of about $58,400 once property tax and insurance are counted.

Augusta median (Census)
Car, student loan, card minimums
Under 20% adds PMI
Maine average, 30-year fixed
Augusta median bill (Census)
Estimate; use your quote
You can afford a home up to
$170,899
Below the Augusta median home value of $201,000
Loan amount$130,899
Principal & interest$887/mo
Property tax$161/mo
Home insurance$71/mo
PMI$0/mo
Total monthly payment$1,120/mo
Compare Augusta Mortgage Rates

How much house can you afford in Augusta?

Most lenders use two limits. Your housing payment, including principal, interest, property tax, homeowners insurance and any PMI, should stay under about 28% of your gross monthly income, and all of your monthly debt payments together should stay under about 36%. The calculator takes whichever limit is lower, then works backward from that payment to the most expensive home it covers at the current rate.

In Augusta, property taxes run about 1.13% of a home’s value each year, based on the Census median tax bill, which counts against the same monthly budget as the mortgage. Each quarter point move in mortgage rates changes the price you can afford by roughly $2,678 for a median income household. A larger down payment, paying down other debts, or a lower rate from a local lender all raise your budget.

What It Takes to Buy in Augusta

$1,090/mo
Principal & Interest
Median home, 20% down, 7.19%
$46,700
Income Needed
To keep principal and interest at 28% of income
$47,979
Median Household Income
Maine: $74,733
4.2x
Price-to-Income Ratio
Maine: 4.0x
$1,013/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$2,266/yr
Median Property Tax
1.13% of median value
31.3%
Owner Cost Burden
Owners spending 30%+ of income on housing
46.9%
Renter Cost Burden
Renters spending 30%+ of income on rent

Source: U.S. Census Bureau American Community Survey 5-Year Estimates (2024) for Augusta, Maine. The rate is the Maine average 30-year fixed rate from MonitorBankRates, since lenders publish rates by state.

Cite the Augusta Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Augusta, Maine score: 92.9 (Near National Average), ranked 85 of 128 Maine cities. monitorbankrates.com/housing-affordability-index/maine/augusta”