Total monthly cost of ownership
Cost to Own a Home in Westbrook, Maine
A $342,000 home here costs
$2,797per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,758. The real number is $1,038 higher every month — 59% 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.
Westbrook against Cumberland County and Maine
| Measure | Westbrook | Cumberland County |
|---|---|---|
| Median home value | $341,800 | $411,400 |
| Median property tax | $3,916 | $4,577 |
| Effective tax rate | 1.146% | 1.113% |
| Median gross rent | $1,373 | $1,492 |
| Population | 20,484 | 305,940 |
The weather behind that power bill
Westbrook sits in Cumberland County, which averages a high of 79.5°F in its hottest month and a low of 15.6°F in its coldest, with 48.12" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 446 cooling and 6,795 heating degree days, which is what sets the $257 electricity line above.
See the full climate breakdown for Cumberland County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Cumberland County
Full Cumberland County cost breakdown · Every county in Maine
Common questions
How much does it cost to own a home in Westbrook?
A $342,000 home in Westbrook, Maine costs approximately $2,797 per month with 20% down at 6.66%. That is $1,758 principal and interest, $327 property tax, $101 homeowners insurance, $325 utilities and $285 set aside for maintenance.
What is the property tax rate in Westbrook?
Westbrook has an effective property tax rate of 1.146%, based on a median home value of $341,800 and median real estate taxes of $3,916. That is higher than the Cumberland County average of 1.113%.
What is the average home price in Westbrook?
The median owner-occupied home value in Westbrook, Maine is $341,800, against $411,400 across Cumberland County.
Is it cheaper to rent or buy in Westbrook?
Median gross rent in Westbrook is $1,373 a month, against $2,797 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 Westbrook — 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.