Total monthly cost of ownership
Cost to Own a Home in Ellsworth, Maine
A $215,000 home here costs
$1,905per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,105. The real number is $800 higher every month — 72% 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.
Ellsworth against Hancock County and Maine
| Measure | Ellsworth | Hancock County |
|---|---|---|
| Median home value | $214,500 | $278,400 |
| Median property tax | $2,769 | $2,445 |
| Effective tax rate | 1.291% | 0.878% |
| Median gross rent | $955 | $1,000 |
| Population | 8,550 | 56,084 |
The weather behind that power bill
Ellsworth 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 Ellsworth?
A $215,000 home in Ellsworth, Maine costs approximately $1,905 per month with 20% down at 6.66%. That is $1,105 principal and interest, $231 property tax, $64 homeowners insurance, $325 utilities and $179 set aside for maintenance.
What is the property tax rate in Ellsworth?
Ellsworth has an effective property tax rate of 1.291%, based on a median home value of $214,500 and median real estate taxes of $2,769. That is higher than the Hancock County average of 0.878%.
What is the average home price in Ellsworth?
The median owner-occupied home value in Ellsworth, Maine is $214,500, against $278,400 across Hancock County.
Is it cheaper to rent or buy in Ellsworth?
Median gross rent in Ellsworth is $955 a month, against $1,905 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 Ellsworth — 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.