Total monthly cost of ownership
Cost to Own a Home in North Berwick, Maine
A $296,000 home here costs
$2,411per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,522. The real number is $889 higher every month — 58% 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.
North Berwick against York County and Maine
| Measure | North Berwick | York County |
|---|---|---|
| Median home value | $296,300 | $357,200 |
| Median property tax | $2,754 | $3,691 |
| Effective tax rate | 0.929% | 1.033% |
| Median gross rent | $1,032 | $1,239 |
| Population | 1,811 | 214,731 |
The weather behind that power bill
North Berwick 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 North Berwick?
A $296,000 home in North Berwick, Maine costs approximately $2,411 per month with 20% down at 6.66%. That is $1,522 principal and interest, $229 property tax, $88 homeowners insurance, $325 utilities and $247 set aside for maintenance.
What is the property tax rate in North Berwick?
North Berwick has an effective property tax rate of 0.929%, based on a median home value of $296,300 and median real estate taxes of $2,754. That is lower than the York County average of 1.033%.
What is the average home price in North Berwick?
The median owner-occupied home value in North Berwick, Maine is $296,300, against $357,200 across York County.
Is it cheaper to rent or buy in North Berwick?
Median gross rent in North Berwick is $1,032 a month, against $2,411 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 North Berwick — 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.