Total monthly cost of ownership
Cost to Own a Home in Camden, Maine
A $474,000 home here costs
$3,833per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $2,437. The real number is $1,396 higher every month — 57% 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.
Camden against Knox County and Maine
| Measure | Camden | Knox County |
|---|---|---|
| Median home value | $473,800 | $290,800 |
| Median property tax | $6,414 | $3,643 |
| Effective tax rate | 1.354% | 1.253% |
| Median gross rent | $1,064 | $1,079 |
| Population | 3,665 | 40,860 |
The weather behind that power bill
Camden sits in Knox County, which averages a high of 74.2°F in its hottest month and a low of 17.4°F in its coldest, with 47.6" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 121 cooling and 6,877 heating degree days, which is what sets the $257 electricity line above.
See the full climate breakdown for Knox County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Knox County
Common questions
How much does it cost to own a home in Camden?
A $474,000 home in Camden, Maine costs approximately $3,833 per month with 20% down at 6.66%. That is $2,437 principal and interest, $535 property tax, $141 homeowners insurance, $325 utilities and $395 set aside for maintenance.
What is the property tax rate in Camden?
Camden has an effective property tax rate of 1.354%, based on a median home value of $473,800 and median real estate taxes of $6,414. That is higher than the Knox County average of 1.253%.
What is the average home price in Camden?
The median owner-occupied home value in Camden, Maine is $473,800, against $290,800 across Knox County.
Is it cheaper to rent or buy in Camden?
Median gross rent in Camden is $1,064 a month, against $3,833 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 Camden — 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.