Total monthly cost of ownership
Cost to Own a Home in Wiscasset, Maine
A $282,000 home here costs
$2,436per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,450. The real number is $986 higher every month — 68% 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.
Wiscasset against Lincoln County and Maine
| Measure | Wiscasset | Lincoln County |
|---|---|---|
| Median home value | $281,700 | $306,200 |
| Median property tax | $4,103 | $2,850 |
| Effective tax rate | 1.457% | 0.931% |
| Median gross rent | $1,517 | $1,003 |
| Population | 1,273 | 35,840 |
The weather behind that power bill
Wiscasset sits in Lincoln County, which averages a high of 78.3°F in its hottest month and a low of 14.7°F in its coldest, with 49.25" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 346 cooling and 7,077 heating degree days, which is what sets the $257 electricity line above.
See the full climate breakdown for Lincoln County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Lincoln County
Common questions
How much does it cost to own a home in Wiscasset?
A $282,000 home in Wiscasset, Maine costs approximately $2,436 per month with 20% down at 6.66%. That is $1,450 principal and interest, $342 property tax, $84 homeowners insurance, $325 utilities and $235 set aside for maintenance.
What is the property tax rate in Wiscasset?
Wiscasset has an effective property tax rate of 1.457%, based on a median home value of $281,700 and median real estate taxes of $4,103. That is higher than the Lincoln County average of 0.931%.
What is the average home price in Wiscasset?
The median owner-occupied home value in Wiscasset, Maine is $281,700, against $306,200 across Lincoln County.
Is it cheaper to rent or buy in Wiscasset?
Median gross rent in Wiscasset is $1,517 a month, against $2,436 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 Wiscasset — 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.