Total monthly cost of ownership
Cost to Own a Home in Cape Neddick, Maine
A $636,000 home here costs
$4,722per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $3,270. The real number is $1,453 higher every month — 44% 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.
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 $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 Cape Neddick?
A $636,000 home in Cape Neddick, Maine costs approximately $4,722 per month with 20% down at 6.66%. That is $3,270 principal and interest, $409 property tax, $189 homeowners insurance, $325 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 $4,722 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 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.