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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

Mechanic Falls, ME Housing Affordability Index

Mechanic Falls, Maine has an MBR Housing Affordability Index score of 81.4 (Moderately Less Affordable) as of October 30, 2026, ranking 110th most affordable of 128 scored Maine cities, compared with 95.4 statewide and 97.4 nationally. On a median-priced $244,300 home with 20% down, the Maine average 30-year fixed rate of 7.19% means a monthly principal and interest payment of about $1,325, or 34% of the city’s $46,384 median household income.

The MBR Housing Affordability Index (MBR-HAI) for Mechanic Falls 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.

Mechanic Falls MBR-HAI 81.4 Moderately Less Affordable
Rank in Maine 110 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 $244,300 U.S. Census Bureau

Mechanic Falls is 14.0 points below the Maine score. Scores as of October 30, 2026. See the Maine index

View Mechanic Falls Mortgage Rates

What It Takes to Buy in Mechanic Falls

$1,325/mo
Principal & Interest
Median home, 20% down, 7.19%
$56,800
Income Needed
To keep the payment at 28% of income
$46,384
Median Household Income
Maine: $74,733
5.3x
Price-to-Income Ratio
Maine: 4.0x
$1,066/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$2,487/yr
Median Property Tax
1.02% of median value
45.2%
Owner Cost Burden
Owners spending 30%+ of income on housing
42.9%
Renter Cost Burden
Renters spending 30%+ of income on rent

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

Cite the Mechanic Falls Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Mechanic Falls, Maine score: 81.4 (Moderately Less Affordable), ranked 110 of 128 Maine cities. monitorbankrates.com/housing-affordability-index/maine/mechanic-falls”