Home Values in Augusta, Maine — 2026 Market Report
Updated March 2026 | Seller's Market | +2.3% YoY
The median home value in Augusta, Maine is $195,000 as of March 2026, which is below the national median of $400,000. Home values in Augusta have increased by 2.3% over the past year and 12% over the last five years. With a population of 18,899 and a median household income of $42,250, the price-to-income ratio stands at 4.6x, making Augusta affordable for the average household.
Augusta Housing Market Conditions
| Metric | Augusta | National Avg |
|---|---|---|
| Median Home Value | $195,000 | $400,000 |
| YoY Appreciation | +2.3% | +3.8% |
| 5-Year Appreciation | +12% | +22.4% |
| Price per Sq Ft | $63 | $222 |
| Days on Market | 56 days | 45 days |
| Months of Supply | 2.5 | 3.5 |
| List-to-Sale Ratio | 100.9% | 98.5% |
| Monthly Homes Sold | 14 | — |
| Foreclosure Rate | 0.27% | 0.3% |
Home Value Trends in Augusta
A homeowner who purchased at the median price of $174,107 five years ago in Augusta would have gained approximately $20,893 in equity, representing a 12% return on investment. Over the past year alone, the typical homeowner gained $4,384 in home equity.
Affordability in Augusta, ME
With a median household income of $42,250 and a median home price of $195,000, the price-to-income ratio in Augusta is 4.6x. A ratio below 3x is generally considered affordable, while above 5x indicates significant affordability challenges. The average monthly rent of $1,039 compared to estimated monthly ownership costs of $1,137 gives a rent-vs-buy ratio of 1.09. In Augusta, buying is currently competitive with renting when factoring in equity accumulation.
Property Taxes in Augusta
The effective property tax rate in Maine is 1.3%. On a home valued at $195,000, the estimated annual property tax bill is $2,535, or approximately $211/month. Property taxes are an important factor in the total cost of homeownership and can significantly impact affordability. The cost of living index in Augusta is 88.5 (100 = national average), indicating living costs are below the national average.
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Open Mortgage CalculatorFrequently Asked Questions
What is the median home value in Augusta, ME?
The median home value in Augusta, Maine is $195,000 as of March 2026. Home values have changed +2.3% over the past year, with a 5-year appreciation of 12%.
Is Augusta a buyer's or seller's market?
Augusta is currently a seller's market with 2.5 months of housing supply. Homes spend an average of 56 days on market, and the list-to-sale price ratio is 100.9%. Low inventory gives sellers an advantage.
Are home values going up in Augusta?
Yes, home values in Augusta have increased by 2.3% over the past year. The 5-year appreciation rate is 12%, meaning a home worth $174,107 five years ago is now worth $195,000.
Is it better to rent or buy in Augusta?
The average monthly rent in Augusta is $1,039, while estimated monthly homeownership costs are approximately $1,137. The price-to-rent ratio is 15.6. Based on current conditions, buying may be more cost-effective than renting in this market.
Home Values in Other Maine Cities
Related Resources
Disclaimer: Home value data for Augusta, Maine is based on publicly available market data and estimates. Actual home values may vary based on property condition, location within the city, and current market conditions. Data is updated regularly but may not reflect the most recent transactions. Last updated: March 2026.