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Affordable
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These days, finding an affordable place to live in the Albion area can be challenging. Home prices in Albion are now at a median cost of $237,699, lower than the Maine average of $330,167.
The average cost of rent is $933/mo in Albion, primarily driven by the current value of real estate in the Albion area. In Albion, 18.88% of households rent, and 53.03% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Albion is $5,269 per month. Households that rent pay about 17.70% of their income on rent here. Albion’s most expensive areas are in the central regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Benton, ME: equally priced homes
- Greens Corner, ME: less expensive homes
- North Palermo, ME: equally priced homes
- Unity, ME: less expensive homes
- Knox Corner, ME: less expensive homes
- Winnecook, ME: less expensive homes
- Winslow, ME: equally priced homes
- Clinton, ME: less expensive homes
- Freedom, ME: less expensive homes
- China, ME: equally priced homes
Cities with Similar Populations
- Anna Maria, FL: higher priced homes
- Trout Lake, WA: higher priced homes
- Fort Hancock, TX: less expensive homes
- Richfield, ID: equally priced homes
- Rocksprings, TX: less expensive homes
- Dawley Corners, VA: higher priced homes
- Noxon, MT: higher priced homes
- Cuba, TN: higher priced homes
- Big River, CA: less expensive homes
- Evening Shade, AR: less expensive homes
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