Total monthly cost of ownership
Cost to Own a Home in Biddeford, Maine
A $349,000 home here costs
$2,872per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,794. The real number is $1,078 higher every month — 60% 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.
Biddeford against York County and Maine
| Measure | Biddeford | York County |
|---|---|---|
| Median home value | $349,300 | $357,200 |
| Median property tax | $4,302 | $3,691 |
| Effective tax rate | 1.232% | 1.033% |
| Median gross rent | $1,187 | $1,239 |
| Population | 22,463 | 214,731 |
The weather behind that power bill
Biddeford 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 Biddeford?
A $349,000 home in Biddeford, Maine costs approximately $2,872 per month with 20% down at 6.66%. That is $1,794 principal and interest, $358 property tax, $104 homeowners insurance, $325 utilities and $291 set aside for maintenance.
What is the property tax rate in Biddeford?
Biddeford has an effective property tax rate of 1.232%, based on a median home value of $349,300 and median real estate taxes of $4,302. That is higher than the York County average of 1.033%.
What is the average home price in Biddeford?
The median owner-occupied home value in Biddeford, Maine is $349,300, against $357,200 across York County.
Is it cheaper to rent or buy in Biddeford?
Median gross rent in Biddeford is $1,187 a month, against $2,872 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 Biddeford — 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.