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Aroostook County, ME

Rent vs Own in Aroostook County, Maine

Owning the median home in Aroostook County clears the monthly bar: about $940/mo versus HUD's $1,224/mo 2-bedroom rent. The stack below shows which line items create that edge. Owner-occupied homes: 22,305.

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Buying is cheaper in Aroostook County

Owning runs about $940/mo here, under $1,224/mo to rent a comparable 2-bedroom. That is a $284/mo difference.

Based on 20% down, 6.5% rate, 30-year mortgage. Adjust below.

What This Data Tells Us About Renting vs Owning in Aroostook County

Primary driver

HUD moved the rent benchmark up

HUD raised its 2-bedroom Fair Market Rent for Aroostook County from $986/mo in FY2025 to $1,224/mo in FY2026: it increased by $238/mo (+24.1%). A rising rent benchmark widens the gap in favour of owning over time, because the mortgage share of the ownership cost below is fixed at origination while the rent it is compared against reprices every year.

Decision signal 2

Buying compares well inside the state

Using the assumptions above, Aroostook County ranks 2 of 16 Maine counties for buy-vs-rent value (rank 1 = the best relative deal for buying). It sits ahead of 14 other Maine counties on this measure.

Decision signal 3

Income supports the median purchase price

Median household income is $56,700, and the 2.6x home-price-to-income ratio leaves room for the ownership stack (property tax alone is 2.9% of median income). The monthly gap above is more about mortgage rate and insurance assumptions than about the purchase price being out of reach.

Decision signal 4

Owning clears the monthly bar here

Aroostook County's median home ($149,700) carries $1,672/yr in property tax at 1.12%. Under a 20% down, 6.5%, 30-year stack the all-in ownership bill is about $940/mo, which undercuts HUD's $1,224/mo 2-bedroom Fair Market Rent by roughly $284/mo before maintenance, HOA, or closing costs.

Methodology & disclaimer

This calculator is for informational purposes only and is not tax, legal, or financial advice. Property tax figures come from the U.S. Census Bureau ACS 5-Year Estimates and rent figures come from HUD Fair Market Rents; both describe area medians, not individual transactions. Insurance is estimated at 0.35% of home value annually and closing costs, maintenance, HOA, and PMI are not included. Consult a licensed mortgage, tax, or real-estate professional before making a buy-or-rent decision based on these numbers.

Monthly Cost Breakdown

Estimated Monthly Ownership
$940
Mortgage (P&I) $757
Property Tax $139
Insurance (est.) $44
Monthly Rent (2-BR FMR)
$1,224
Studio$942
1-Bedroom$949
2-Bedroom$1,224
3-Bedroom$1,672
4-Bedroom$1,739

Adjust Your Scenario

Affordability Context

Median Household Income
$56,700
$4,725/mo
Home Price / Income
2.6x
Affordable (≤3x)
Tax-to-Income Ratio
2.9%
National benchmark: 2-4%

Who actually pays it here

Most Aroostook County households that own outright land between $800 and $1,499 a year, at the national middle, so the tax neither argues for renting nor against it and the decision turns on price and mobility instead.

Aroostook County matches the national pattern: six-figure earners between $100,000 and $200,000 account for more of these write-offs than any other local group.

Against that holding-cost profile, the monthly ownership stack already undercuts HUD rent here, so the long-run tax bill is an ownership feature more than a reason to keep renting.

Bill bands are Census ACS counts of owner-occupied homes without a mortgage. Income brackets are IRS Statistics of Income county data for tax year 2022, counted over FILERS reporting real-estate taxes on Schedule A, which is a smaller group than homeowners: most filers take the standard deduction.

Nearby Counties

Cumberland County
Home: $451,200 Tax: $4,707/yr
York County
Home: $395,700 Tax: $3,787/yr
Penobscot County
Home: $214,100 Tax: $2,481/yr
Kennebec County
Home: $238,200 Tax: $2,605/yr
Androscoggin County
Home: $252,800 Tax: $2,940/yr
Hancock County
Home: $310,400 Tax: $2,561/yr

Frequently Asked Questions

Is it cheaper to rent or buy in Aroostook County, Maine? ▼
On the standard 20%-down / 6.5% stack, owning the median Aroostook County home undercuts HUD's 2-bedroom rent by about $284/mo. Change the down payment, rate, or time horizon in the calculator and that gap can flip - owning also builds equity that rent never does.
Is rent going up or down in Aroostook County? ▼
HUD's 2-bedroom Fair Market Rent figure has risen 24.1% between the FY2025 and FY2026 publications, the two most recent years tracked here.
What is the average rent in Aroostook County? ▼
HUD prices a 2-bedroom unit at $1,224/mo here. Sizing up matters: going from a studio to a 4-bedroom adds about $797/mo, so the per-bedroom jump is worth checking against your actual space needs before assuming the 2-BR figure applies to your situation.
How does Aroostook County compare to other Maine counties for renting vs buying? ▼
Out of 16 Maine counties ranked here on buy-vs-rent value, Aroostook County lands at spot 2, putting it in the more buy-favorable quarter of the state. The <a href="/states/maine">Maine state page</a> lists every peer county's tax bill beside this one.
How much house can you afford in Aroostook County? ▼
On the common 3x-income guideline, a $56,700 household here can afford up to $170,100, which comfortably covers this county's $149,700 median home price -- a healthier affordability picture than many of the counties tracked on this site.
What is the median home price in Aroostook County? ▼
$149,700, per the Census Bureau's ACS 5-Year Estimates. The property tax on that value works out to roughly 1.12% a year, in line with typical rates for the area.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from the U.S. Census Bureau (American Community Survey). See our methodology for details. Retrieved and formatted by PlainPropertyTax

Source: U.S. Census Bureau, Government Finances State and local property tax revenue by jurisdiction · 2025

Verify with HUD →