Total monthly cost of ownership
Cost to Own a Home in Milo, Maine
A $88,000 home here costs
$996per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $452. The real number is $544 higher every month — 120% 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.
Milo against Piscataquis County and Maine
| Measure | Milo | Piscataquis County |
|---|---|---|
| Median home value | $88,000 | $153,300 |
| Median property tax | $1,426 | $1,487 |
| Effective tax rate | 1.620% | 0.970% |
| Median gross rent | $608 | $807 |
| Population | 1,445 | 17,125 |
The weather behind that power bill
Milo sits in Piscataquis County, which averages a high of 78.9°F in its hottest month and a low of 6.1°F in its coldest, with 42.6" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 293 cooling and 8,351 heating degree days, which is what sets the $257 electricity line above.
See the full climate breakdown for Piscataquis County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Piscataquis County
Full Piscataquis County cost breakdown · Every county in Maine
Common questions
How much does it cost to own a home in Milo?
A $88,000 home in Milo, Maine costs approximately $996 per month with 20% down at 6.66%. That is $452 principal and interest, $119 property tax, $26 homeowners insurance, $325 utilities and $73 set aside for maintenance.
What is the property tax rate in Milo?
Milo has an effective property tax rate of 1.620%, based on a median home value of $88,000 and median real estate taxes of $1,426. That is higher than the Piscataquis County average of 0.970%.
What is the average home price in Milo?
The median owner-occupied home value in Milo, Maine is $88,000, against $153,300 across Piscataquis County.
Is it cheaper to rent or buy in Milo?
Median gross rent in Milo is $608 a month, against $996 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 Milo — 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.