Total monthly cost of ownership
Cost to Own a Home in Pittsfield, Maine
A $151,000 home here costs
$1,430per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $776. The real number is $653 higher every month — 84% 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.
Pittsfield against Somerset County and Maine
| Measure | Pittsfield | Somerset County |
|---|---|---|
| Median home value | $151,100 | $155,200 |
| Median property tax | $1,888 | $1,798 |
| Effective tax rate | 1.250% | 1.159% |
| Median gross rent | $851 | $887 |
| Population | 3,078 | 50,852 |
The weather behind that power bill
Pittsfield sits in Somerset County, which averages a high of 75.4°F in its hottest month and a low of 5.4°F in its coldest, with 44.5" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 200 cooling and 8,860 heating degree days, which is what sets the $257 electricity line above.
See the full climate breakdown for Somerset County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Somerset County
Common questions
How much does it cost to own a home in Pittsfield?
A $151,000 home in Pittsfield, Maine costs approximately $1,430 per month with 20% down at 6.66%. That is $776 principal and interest, $157 property tax, $45 homeowners insurance, $325 utilities and $126 set aside for maintenance.
What is the property tax rate in Pittsfield?
Pittsfield has an effective property tax rate of 1.250%, based on a median home value of $151,100 and median real estate taxes of $1,888. That is higher than the Somerset County average of 1.159%.
What is the average home price in Pittsfield?
The median owner-occupied home value in Pittsfield, Maine is $151,100, against $155,200 across Somerset County.
Is it cheaper to rent or buy in Pittsfield?
Median gross rent in Pittsfield is $851 a month, against $1,430 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 Pittsfield — 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.