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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

Richmond, ME Housing Affordability Index

Richmond, Maine has an MBR Housing Affordability Index score of 111.1 (More Affordable Than Average) as of October 30, 2026, ranking 54th most affordable of 128 scored Maine cities, compared with 95.4 statewide and 97.4 nationally. On a median-priced $221,100 home with 20% down, the Maine average 30-year fixed rate of 7.19% means a monthly principal and interest payment of about $1,199, or 20% of the city’s $73,014 median household income.

The MBR Housing Affordability Index (MBR-HAI) for Richmond 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.

Richmond MBR-HAI 111.1 More Affordable Than Average
Rank in Maine 54 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 $221,100 U.S. Census Bureau

Richmond is 15.7 points above the Maine score. Scores as of October 30, 2026. See the Maine index

View Richmond Mortgage Rates

What It Takes to Buy in Richmond

$1,199/mo
Principal & Interest
Median home, 20% down, 7.19%
$51,400
Income Needed
To keep the payment at 28% of income
$73,014
Median Household Income
Maine: $74,733
3.0x
Price-to-Income Ratio
Maine: 4.0x
$1,288/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$2,532/yr
Median Property Tax
1.15% of median value
31.7%
Owner Cost Burden
Owners spending 30%+ of income on housing
37.7%
Renter Cost Burden
Renters spending 30%+ of income on rent

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

Cite the Richmond Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Richmond, Maine score: 111.1 (More Affordable Than Average), ranked 54 of 128 Maine cities. monitorbankrates.com/housing-affordability-index/maine/richmond”