Compare Kennebec, ME mortgage rates and fees from top lenders. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lowest mortgage rates in Kennebec.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Kennebec. Plus, shopping lenders is free and there is no obligation.
August 22, 2025
Below we provide helpful information on the real estate market, home prices and housing affordability in Kennebec. Understand how much you need to earn to afford a home in Kennebec, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Kennebec fits your budget. This information is based on proprietary analysis you can only find on FREEandCLEAR and we offer it to help you decide if living in Kennebec is right for you.
The median home value for Kennebec, ME is $216,370
Based on current mortgage rates and a 10% down payment, you need to make $45,138 per year to buy the median priced home in Kennebec
With this income, you could qualify for a $194,733 mortgage, assuming your monthly debt expense is reasonable
Based on this loan amount, the monthly mortgage payment required to buy the median priced home in Kennebec is $1,045
The median household income for Kennebec, ME is $61,412
Based on this income, you can afford a home valued at approximately $294,377
The home price you can afford to buy based on household income in Kennebec is 136% of the median home value which means housing prices are average. Kennebec ranks 8 out of 16 counties in Maine and 2,209 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Kennebec, ME is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Kennebec below.
Conforming loan limits for Kennebec, ME
FHA loan limits for Kennebec, ME