CALCMONEY // HOME AFFORDABILITY // ME // LEWISTON
How much house can you afford in Lewiston? Based on local median home prices, current ME mortgage rates, and Lewiston property tax data.
$235,000
$1,568/mo
$67,182/yr
$150,479
Monthly housing costs of $1,568 represent 39.2% of Lewiston's median gross monthly income ($4,000/mo). At 39.2%, median-income buyers in Lewiston are significantly stretched — well above the 28% guideline. A larger down payment or higher income is required.
| Median Home Price | $235,000 |
| Down Payment (20%) | $47,000 |
| Loan Amount | $188,000 |
| Monthly PI Payment | $1,244 |
| Monthly Property Tax | $225 |
| Monthly Insurance Est. | $98 |
| Total Monthly PITI | $1,568 |
| Housing Cost % of Income | 39.2% |
| Required Income (28% rule) | $67,182/yr |
| Max Affordable Home | $150,479 |
$8,225
$1,985/mo
Lewiston Home Affordability Quick Reference 2026
| Metric | Value | Notes |
|---|---|---|
| Median Home Price | $235,000 | Lewiston city median |
| Down Payment (20%) | $47,000 | Conventional loan |
| Monthly PITI | $1,568 | 6.95% rate, 30yr fixed |
| Required Income (28% rule) | $67,182 | Annual gross |
| Max Affordable Home | $150,479 | Based on median income |
| FHA Down (3.5%) | $8,225 | Minimum FHA |
| Housing Cost % of Income | 39.2% | Median income: $48,000/yr |
| Property Tax Rate | 1.15% | $2,703/yr on median home |
Monthly PITI includes principal, interest, property tax, and homeowners insurance. Estimates only.
The median home price in Lewiston is $235,000, with a local 30-year mortgage rate of 6.95%. A buyer putting 20% down carries a loan of $188,000, generating a monthly P&I payment of $1,244. Adding property taxes ($225/mo) and homeowners insurance ($98/mo) brings total monthly PITI to $1,568.
Lewiston's property tax rate of 1.15% is near the national average, adding a standard increment to monthly housing costs. On the Lewiston median home, that is $225/month, or $2,703 per year.
Maine levies a state income tax, which affects take-home pay and effective buying power. High-income earners in Lewiston should factor state tax liability into their overall housing budget — mortgage interest may be deductible on both federal and state returns.
Using the 28% rule, a household earning Lewiston's median income of $48,000/year can afford up to $1,120/month in total housing costs. Based on Lewiston's mortgage rate of 6.95% and property tax rate of 1.15%, that translates to a maximum affordable home price of approximately $150,479 with 20% down on a 30-year loan.
To afford the median Lewiston home priced at $235,000, you need an annual gross income of approximately $67,182. Total monthly housing costs (principal and interest of $1,244, property taxes of $225, and insurance of $98) come to $1,568/month, which equals 28% of the required income.
At the median home price of $235,000 and median household income of $48,000, the total monthly housing cost of $1,568 represents 39.2% of gross monthly income. This is well above the standard 28% threshold, making Lewiston a challenging market for buyers at median income.
A conventional 20% down payment on the median Lewiston home of $235,000 is $47,000. An FHA loan requires just 3.5% down — $8,225 — but adds mortgage insurance of roughly $161/month, bringing total FHA payments to $1,985/month.
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