Total monthly cost of ownership
Cost to Own a Home in Hampden, Maine
A $270,000 home here costs
$2,337per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,388. The real number is $949 higher every month — 68% 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.
Hampden against Penobscot County and Maine
| Measure | Hampden | Penobscot County |
|---|---|---|
| Median home value | $270,100 | $193,800 |
| Median property tax | $3,826 | $2,435 |
| Effective tax rate | 1.417% | 1.256% |
| Median gross rent | $985 | $997 |
| Population | 4,937 | 153,571 |
The weather behind that power bill
Hampden sits in Penobscot County, which averages a high of 79.3°F in its hottest month and a low of 3.4°F in its coldest, with 44.27" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 337 cooling and 8,272 heating degree days, which is what sets the $257 electricity line above.
See the full climate breakdown for Penobscot County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Penobscot County
Full Penobscot County cost breakdown · Every county in Maine
Common questions
How much does it cost to own a home in Hampden?
A $270,000 home in Hampden, Maine costs approximately $2,337 per month with 20% down at 6.66%. That is $1,388 principal and interest, $319 property tax, $80 homeowners insurance, $325 utilities and $225 set aside for maintenance.
What is the property tax rate in Hampden?
Hampden has an effective property tax rate of 1.417%, based on a median home value of $270,100 and median real estate taxes of $3,826. That is higher than the Penobscot County average of 1.256%.
What is the average home price in Hampden?
The median owner-occupied home value in Hampden, Maine is $270,100, against $193,800 across Penobscot County.
Is it cheaper to rent or buy in Hampden?
Median gross rent in Hampden is $985 a month, against $2,337 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 Hampden — 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.