Total monthly cost of ownership
Cost to Own a Home in Berwick, Maine
A $310,000 home here costs
$2,600per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,594. The real number is $1,006 higher every month — 63% 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.
Berwick against York County and Maine
| Measure | Berwick | York County |
|---|---|---|
| Median home value | $309,600 | $357,200 |
| Median property tax | $3,964 | $3,691 |
| Effective tax rate | 1.280% | 1.033% |
| Median gross rent | $1,044 | $1,239 |
| Population | 2,085 | 214,731 |
The weather behind that power bill
Berwick sits in York County, which averages a high of 81.3°F in its hottest month and a low of 9.9°F in its coldest, with 51.31" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 351 cooling and 7,430 heating degree days, which is what sets the $257 electricity line above.
See the full climate breakdown for York County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in York County
Common questions
How much does it cost to own a home in Berwick?
A $310,000 home in Berwick, Maine costs approximately $2,600 per month with 20% down at 6.66%. That is $1,594 principal and interest, $331 property tax, $92 homeowners insurance, $325 utilities and $258 set aside for maintenance.
What is the property tax rate in Berwick?
Berwick has an effective property tax rate of 1.280%, based on a median home value of $309,600 and median real estate taxes of $3,964. That is higher than the York County average of 1.033%.
What is the average home price in Berwick?
The median owner-occupied home value in Berwick, Maine is $309,600, against $357,200 across York County.
Is it cheaper to rent or buy in Berwick?
Median gross rent in Berwick is $1,044 a month, against $2,600 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 Berwick — 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.