Total monthly cost of ownership
Cost to Own a Home in Lincoln, Maine
A $120,000 home here costs
$1,228per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $617. The real number is $611 higher every month — 99% 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.
Lincoln against Penobscot County and Maine
| Measure | Lincoln | Penobscot County |
|---|---|---|
| Median home value | $120,200 | $193,800 |
| Median property tax | $1,799 | $2,435 |
| Effective tax rate | 1.497% | 1.256% |
| Median gross rent | $640 | $997 |
| Population | 2,576 | 153,571 |
The weather behind that power bill
Lincoln 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 Lincoln?
A $120,000 home in Lincoln, Maine costs approximately $1,228 per month with 20% down at 6.66%. That is $617 principal and interest, $150 property tax, $36 homeowners insurance, $325 utilities and $100 set aside for maintenance.
What is the property tax rate in Lincoln?
Lincoln has an effective property tax rate of 1.497%, based on a median home value of $120,200 and median real estate taxes of $1,799. That is higher than the Penobscot County average of 1.256%.
What is the average home price in Lincoln?
The median owner-occupied home value in Lincoln, Maine is $120,200, against $193,800 across Penobscot County.
Is it cheaper to rent or buy in Lincoln?
Median gross rent in Lincoln is $640 a month, against $1,228 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 Lincoln — 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.