Total monthly cost of ownership
Cost to Own a Home in Cape Neddick, Maine
A $636,000 home here costs
$4,839per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $207,500 a year.
A standard mortgage calculator would have told you $3,467. The real number is $1,372 higher every month, 40% more than the payment most buyers budget for.
Compare York County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Cape Neddick from a five-year rolling sample, and with about 2,578 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The York County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Cape Neddick against York County and Maine
| Measure | Cape Neddick | York County |
|---|---|---|
| Median home value | $636,100 | $357,200 |
| Median property tax | $4,903 | $3,691 |
| Effective tax rate | 0.771% | 1.033% |
| Median gross rent | $1,723 | $1,239 |
| Population | 2,578 | 214,731 |
The weather behind that power bill
Cape Neddick 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 $177 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
Talk to someone who works this market
These are Cape Neddick averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Cape Neddick every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Cape Neddick I already own here and may sell
Common questions
How much does it cost to own a home in Cape Neddick?
A $636,000 home in Cape Neddick, Maine costs approximately $4,839 per month with 20% down at 7.24%. That is $3,467 principal and interest, $409 property tax, $189 homeowners insurance, $245 utilities and $530 set aside for maintenance.
What is the property tax rate in Cape Neddick?
Cape Neddick has an effective property tax rate of 0.771%, based on a median home value of $636,100 and median real estate taxes of $4,903. That is lower than the York County average of 1.033%.
What is the average home price in Cape Neddick?
The median owner-occupied home value in Cape Neddick, Maine is $636,100, against $357,200 across York County.
Is it cheaper to rent or buy in Cape Neddick?
Median gross rent in Cape Neddick is $1,723 a month, against $4,839 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Cape Neddick?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Cape Neddick, Maine at today's rate takes a household income of roughly $207,500 a year. That covers the full $4,839 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Cape Neddick, 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.