Total monthly cost of ownership
Cost to Own a Home in Augusta, Maine
A $189,000 home here costs
$1,718per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $972. The real number is $746 higher every month — 77% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Augusta against Kennebec County and Maine
| Measure | Augusta | Kennebec County |
|---|---|---|
| Median home value | $188,900 | $219,900 |
| Median property tax | $2,488 | $2,510 |
| Effective tax rate | 1.317% | 1.141% |
| Median gross rent | $887 | $952 |
| Population | 18,999 | 125,614 |
The weather behind that power bill
Augusta sits in Kennebec County, which averages a high of 79.9°F in its hottest month and a low of 12.1°F in its coldest, with 41.84" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 428 cooling and 7,278 heating degree days, which is what sets the $257 electricity line above.
See the full climate breakdown for Kennebec County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Kennebec County
Common questions
How much does it cost to own a home in Augusta?
A $189,000 home in Augusta, Maine costs approximately $1,718 per month with 20% down at 6.66%. That is $972 principal and interest, $207 property tax, $56 homeowners insurance, $325 utilities and $158 set aside for maintenance.
What is the property tax rate in Augusta?
Augusta has an effective property tax rate of 1.317%, based on a median home value of $188,900 and median real estate taxes of $2,488. That is higher than the Kennebec County average of 1.141%.
What is the average home price in Augusta?
The median owner-occupied home value in Augusta, Maine is $188,900, against $219,900 across Kennebec County.
Is it cheaper to rent or buy in Augusta?
Median gross rent in Augusta is $887 a month, against $1,718 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Augusta — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Maine.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.