Total monthly cost of ownership
Cost to Own a Home in Rockland, Maine
A $234,000 home here costs
$2,118per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $91,000 a year.
A standard mortgage calculator would have told you $1,276. The real number is $843 higher every month, 66% more than the payment most buyers budget for.
Compare Knox County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Rockland against Knox County and Maine
| Measure | Rockland | Knox County |
|---|---|---|
| Median home value | $234,400 | $290,800 |
| Median property tax | $4,011 | $3,643 |
| Effective tax rate | 1.711% | 1.253% |
| Median gross rent | $986 | $1,079 |
| Population | 6,991 | 40,860 |
The weather behind that power bill
Rockland sits in Knox County, which averages a high of 74.2°F in its hottest month and a low of 17.4°F in its coldest, with 47.6" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 121 cooling and 6,877 heating degree days, which is what sets the $177 electricity line above.
See the full climate breakdown for Knox County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Knox County
Talk to someone who works this market
These are Rockland averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Rockland every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Rockland I already own here and may sell
Common questions
How much does it cost to own a home in Rockland?
A $234,000 home in Rockland, Maine costs approximately $2,118 per month with 20% down at 7.24%. That is $1,276 principal and interest, $334 property tax, $69 homeowners insurance, $245 utilities and $195 set aside for maintenance.
What is the property tax rate in Rockland?
Rockland has an effective property tax rate of 1.711%, based on a median home value of $234,400 and median real estate taxes of $4,011. That is higher than the Knox County average of 1.253%.
What is the average home price in Rockland?
The median owner-occupied home value in Rockland, Maine is $234,400, against $290,800 across Knox County.
Is it cheaper to rent or buy in Rockland?
Median gross rent in Rockland is $986 a month, against $2,118 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Rockland?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Rockland, Maine at today's rate takes a household income of roughly $91,000 a year. That covers the full $2,118 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Rockland, 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.