Total monthly cost of ownership
Cost to Own a Home in Bucksport, Maine
A $194,000 home here costs
$1,686per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $997. The real number is $689 higher every month — 69% 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.
Bucksport against Hancock County and Maine
| Measure | Bucksport | Hancock County |
|---|---|---|
| Median home value | $193,800 | $278,400 |
| Median property tax | $1,733 | $2,445 |
| Effective tax rate | 0.894% | 0.878% |
| Median gross rent | $780 | $1,000 |
| Population | 3,140 | 56,084 |
The weather behind that power bill
Bucksport sits in Hancock County, which averages a high of 77.4°F in its hottest month and a low of 10.6°F in its coldest, with 49.38" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 221 cooling and 7,650 heating degree days, which is what sets the $257 electricity line above.
See the full climate breakdown for Hancock County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Hancock County
Common questions
How much does it cost to own a home in Bucksport?
A $194,000 home in Bucksport, Maine costs approximately $1,686 per month with 20% down at 6.66%. That is $997 principal and interest, $145 property tax, $58 homeowners insurance, $325 utilities and $162 set aside for maintenance.
What is the property tax rate in Bucksport?
Bucksport has an effective property tax rate of 0.894%, based on a median home value of $193,800 and median real estate taxes of $1,733. That is higher than the Hancock County average of 0.878%.
What is the average home price in Bucksport?
The median owner-occupied home value in Bucksport, Maine is $193,800, against $278,400 across Hancock County.
Is it cheaper to rent or buy in Bucksport?
Median gross rent in Bucksport is $780 a month, against $1,686 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 Bucksport — 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.