In Skowhegan, a typical home is worth $156,400 and typical rent is $880 a month. Compared with all of Somerset County, typical household income is 22% lower, the typical home value is 6% lower, and the share of households that own their home is 14 points lower.
Typical home value from Zillow, September 2021 to September 2026: from $146,269 to $219,676.
From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).
Skowhegan is in Somerset County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Somerset County. See the county
What this place has that others do not, from public data, most unusual first.
1
Skowhegan has the lowest typical household income of the 34 cities in Maine with more than 5,000 people: $45,388.
2
63% of households in Skowhegan own their home, against 77% in Somerset County.
3
According to Zillow, in the 12 months to September 2026 the typical home value in Skowhegan fell 1.4%; in Maine, it rose 1.6%.
4
Skowhegan has the 3rd lowest typical rent of the 33 cities in Maine with more than 5,000 people ($880).
Sources: U.S. Census Bureau (Average 2020–2024); Zillow (September 2026 data). Zillow data
The homes here
Housing in Skowhegan
What homes there are in Skowhegan, what they cost, how that changed and how people live, from Census figures (2020–2024).
What homes there are
U.S. Census Bureau, ACS 5-year, 2020–2024
Kind of home
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Skowhegan
Somerset County
Maine
United States
Kind of home: Skowhegan and its comparisons
Measure
Skowhegan
Somerset County
Maine
United States
Detached house
58%
76%
70%
61%
Attached house
Unreliable estimate
0%
3%
6%
Building of 2 to 4
14%
6%
10%
8%
Apartments (5 or more)
Unreliable estimate
3%
9%
19%
Mobile home
16%
15%
8%
6%
Boat, RV and other
Unreliable estimate
Unreliable estimate
0%
0%
Detached houses are the majority in Skowhegan (58%), but less so than in Somerset County (76%).
Year built
Before 19601960–19791980–19992000–20092010 or later
Skowhegan
Somerset County
Maine
United States
Year built: Skowhegan and its comparisons
Measure
Skowhegan
Somerset County
Maine
United States
Before 1960
45%
32%
34%
26%
1960–1979
22%
20%
20%
24%
1980–1999
23%
30%
25%
25%
2000–2009
8%
11%
12%
14%
2010 or later
3%
7%
9%
11%
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Unreliable estimate
Under $100K34%
$100K–$200K40%
$200K–$300K20%
$300K–$500KUnreliable
$500K–$750KUnreliable
$750K–$1MUnreliable
$1M or moreUnreliable
Value of owner-occupied homes: Skowhegan and its comparisons
Measure
Skowhegan
Under $100K
34%
$100K–$200K
40%
$200K–$300K
20%
$300K–$500K
Unreliable estimate
$500K–$750K
Unreliable estimate
$750K–$1M
Unreliable estimate
$1M or more
Unreliable estimate
Monthly rent with utilities
Unreliable estimate
Under $500Unreliable
$500–$99967%
$1,000–$1,49920%
$1,500–$1,999Unreliable
$2,000–$2,499Unreliable
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Skowhegan and its comparisons
Measure
Skowhegan
Under $500
Unreliable estimate
$500–$999
67%
$1,000–$1,499
20%
$1,500–$1,999
Unreliable estimate
$2,000–$2,499
Unreliable estimate
$2,500–$2,999
Unreliable
$3,000 or more
Unreliable
With a mortgage
$1,195 a month
Somerset County: $1,299 a month
Without a mortgage
$505 a month
Somerset County: $505 a month
Owners with a mortgage
56%
Somerset County: 48%
In Skowhegan, 56% of owners have a mortgage, and their typical cost is $1,195 a month, against $1,299 in Somerset County. Without one it drops to $505.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Skowhegan+55%
Somerset County+44%
Maine+56%
United States+53%
Typical rent
SkowheganNo clear change
Somerset County+25%
Maine+34%
United States+33%
Typical household income
SkowheganNo clear change
Somerset County+32%
Maine+29%
United States+29%
Change since 2015–2019: Skowhegan and its comparisons
Measure
Skowhegan
Somerset County
Maine
United States
Typical home value
+55%
+44%
+56%
+53%
Typical rent
No clear change
+25%
+34%
+33%
Typical household income
No clear change
+32%
+29%
+29%
From 2015–2019 to 2020–2024, the typical home value in Skowhegan rose 55%; in Somerset County, it rose 44%.
The typical rent in Skowhegan stayed about the same over that time: the difference is within the Census margin of error.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Skowhegan and its comparisons
Measure
Skowhegan
Somerset County
Maine
United States
Rental vacancy
Unreliable estimate
Unreliable estimate
4.2%
5.5%
Homeowner vacancy
Unreliable estimate
Unreliable estimate
0.7%
0.9%
More than one person per room
Unreliable estimate
1.0%
1.4%
3.4%
People per household
1.99
2.16
2.26
2.53
Drive alone
72%
77%
71%
69%
Carpool
15%
8%
8%
9%
Public transit
Unreliable estimate
Unreliable estimate
1%
3%
Walk or bike
6%
3%
4%
3%
Work from home
Unreliable estimate
11%
16%
15%
Other means
Unreliable estimate
Unreliable estimate
1%
2%
Typical commute
Unreliable estimate
20 to 29 minutes
20 to 29 minutes
20 to 29 minutes
Households in Skowhegan are smaller: 1.99 people on average; in Somerset County, 2.16.
More people carpool to work in Skowhegan than in Somerset County: 15% against 8%.
Do the math
What would you pay each month for a home in Skowhegan?
A typical home is tight for the typical income
We start with a typical home in Skowhegan, worth $156,400, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 35% of the typical household income in Skowhegan, which is $45,388 a year. For that payment to be 28% of income, a household would need to earn about $56,822 a year.
The calculator's FHA and conventional loan limits are those of all of Somerset County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Skowhegan. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $5,474 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$1,326
at 7.18% · 30 years
Loan amount
$153,567
Total interest
$220,947
Paid off in
November 2056
Includes $2,641 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $1,059 a month
Tight
$1,059 to $1,362 a month
Your payment · 35%
Hard
more than $1,362 a month
Compared with the typical household income in Skowhegan ($45,388 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$1,040
Property tax
$151
Home insurance
$65
FHA mortgage insurance (MIP)
$69
You need at least $5,474 for the down payment, plus closing costs.
This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.
Total monthly payment $1,326; principal and interest $1,040.
The city and its county
Skowhegan and Somerset County
Skowhegan is in Somerset County, Maine. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).
Skowhegan
Map of Somerset County, Maine, with Skowhegan marked. Around it, the neighboring counties.
Skowhegan
Somerset County
Other cities with a page
Skowhegan's own numbers
Typical home value
$156,400
Typical monthly rent
$880
Typical yearly household income
$45,388
Households that own their home
63%
Effective property tax rate
1.16%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Somerset County
FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,242
Price change over 5 years (FHFA)
+79%
HUD, FHFA and FEMA don't publish these numbers by city.
Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Somerset County.
A typical home in Skowhegan is worth $156,400: 6% below the county and 47% below Maine. With the typical household income in Skowhegan ($45,388 a year), a typical home costs 3.4 times what the household earns in a year.
Years of income to pay for a typical home
The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.
Skowhegan3.4 years
Somerset2.9 years
Maine4.0 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Somerset County
According to FHFA’s house price index, home prices in Somerset County rose 119% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Somerset County.
Yearly change in FHFA’s price index in Somerset County, 2016 to 2025
2016: +1.4% +1.4% 2016
2017: +4.9% +4.9% 2017
2018: +1.3% +1.3% 2018
2019: +6.7% +6.7% 2019
2020: +6.3% +6.3% 2020
2021: +14.2% +14.2% 2021
2022: +18.5% +18.5% 2022
2023: +13.5% +13.5% 2023
2024: +6.3% +6.3% 2024
2025: +9.7% +9.7% 2025
Change in FHFA’s price index in Somerset County, Maine and the United States
Period
County
Maine
U.S.
Last year (2025)
+9.7%
+4.7%
+2.9%
5 years (2020–2025)
+79%
+68%
+47%
10 years (2015–2025)
+119%
+112%
+85%
The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data
Skowhegan next to Somerset County, Maine and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Skowhegan$156,400
Somerset$166,900
Maine$296,600
United States$332,700
Typical monthly rent
Skowhegan$880
Somerset$910
Maine$1,139
United States$1,413
Typical yearly household income
Skowhegan$45,388
Somerset$58,179
Maine$74,733
United States$80,734
See the full table
Skowhegan next to Somerset County and Maine
Measure
Skowhegan
Somerset County
Maine
U.S.
Typical home value
$156,400 ▼6% below the county
$166,900
$296,600
$332,700
Typical monthly rent
$880 ▼3% below the county
$910
$1,139
$1,413
Typical yearly household income
$45,388 ▼22% below the county
$58,179
$74,733
$80,734
Households that own their home
63% ▼14 points below the county
77%
74%
65%
Typical yearly property tax
$1,820
$1,798
$3,036
$3,119
Effective property tax rate
1.16% ▲0.08 points above the county
1.08%
1.02%
0.94%
Renters with high rent for their income
56% ▲12 points above the county
44%
48%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Somerset County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.
Four ways to pay for a typical home in Skowhegan
For a typical $156,400 home in Skowhegan, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Skowhegan's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$1,326a month
Least cash to close
Down payment
$5,474
Cash to close
$10,166
Rate
7.18%
Mortgage insurance
FHA MIP · $69
Conventional, 5% down$1,297a month
Down payment
$7,820
Cash to close
$12,512
Rate
7.18%
Mortgage insurance
PMI · $74
Conventional, 20% down, no PMI$1,064a month
Down payment
$31,280
Cash to close
$35,972
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$1,209a month
Down payment
$23,460
Cash to close
$28,152
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Skowhegan
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$1,326
$5,474
$153,567
7.18%
FHA MIP · $69
$10,166
580
Conventional, 5% down
$1,297
$7,820
$148,580
7.18%
PMI · $74
$12,512
620*
Conventional, 20% down, no PMI
$1,064
$31,280
$125,120
7.18%
None
$35,972
620*
ITIN, 15% down (example)
$1,209
$23,460
$132,940
8.18%
None
$28,152
Set by the lender
The option that asks for the least cash to close is FHA, 3.5% down.
Cash to close = down payment plus 3% of the price in closing costs (example).
Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.
Typical rent in Skowhegan is $880 a month: 3% below the county. In Skowhegan, 56% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Somerset County, by unit size. To pay the 2-bedroom one ($1,242 a month) without spending more than 30% of your income, you would need to earn $23.88 an hour working full time.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Somerset County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$1,031
$19.83
$41,240
1 bedroom
$1,038
$19.96
$41,520
2 bedrooms
$1,242
$23.88
$49,680
3 bedrooms
$1,676
$32.23
$67,040
4 bedrooms
$1,731
$33.29
$69,240
Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027
By ZIP code
Fair market rent by ZIP code in Skowhegan
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Skowhegan is in ZIP code 04976.
For 2 bedrooms it is $1,180: $62 less than the fair market rent for Somerset County ($1,242).
Fair market rent by ZIP code and size in Skowhegan, fiscal year 2027.
ZIP code
Studio
1 bd
2 bd
3 bd
4 bd
04976
$980
$990
$1,180
$1,590
$1,640
ZIP code2 bd3 bd
04976 $1,180$1,590
1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Skowhegan when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD)Fiscal year 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.
We found no HUD-approved agencies with an office in Somerset County. The nearest ones are below; many serve by phone or online.
No down payment, repair or rent-help program on our list is for Skowhegan or Somerset County. The ones below are statewide in Maine: they work in Skowhegan the same as in the rest of the state.
With the Maine state agency's First Home mortgage, the buyer gets $5,000 for the down payment and closing costs (up to $14,000 for 2- to 4-unit homes), with no second mortgage.Offered by MaineHousing.
Maine state agency mortgage with a rate 1% lower than its First Home mortgage and a $10,000 grant for the down payment and closing costs, with no second mortgage; for people who have never owned a home and never lived in a home their parents or guardians owned, or who were in foster care.Offered by MaineHousing.
No legal help resource on our list is for Skowhegan or Somerset County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Skowhegan and all of Somerset County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.
How much does a typical home cost in Skowhegan?
The typical home value in Skowhegan is $156,400, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Somerset County it is $166,900.
How much does it cost to rent in Skowhegan?
Typical rent in Skowhegan is $880 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Somerset County is $1,242.
What is the FHA loan limit in Skowhegan?
Skowhegan uses the FHA limit for all of Somerset County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.
How much property tax do owners pay in Skowhegan?
The typical homeowner in Skowhegan pays $1,820 a year, according to the U.S. Census Bureau. That is 1.16% of the home’s value; in Somerset County, the rate is 1.08%.
Where can I find free help to buy or rent in Skowhegan?
We found no HUD-approved counseling agencies with an office in Somerset County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.
