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Affordable
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These days, finding an affordable place to live in the Bailey Island area can be challenging. Home prices in Bailey Island are now at a median cost of $589,600, higher than the Maine average of $330,167.
The average cost of rent is $1,408/mo in Bailey Island, primarily driven by the current value of real estate in the Bailey Island area. In Bailey Island, 27.21% of households rent, and 50.74% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Bailey Island is $9,616 per month. Households that rent pay about 14.64% of their income on rent here. Bailey Island’s most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Orrs Island, ME: equally priced homes
- West Harpswell, ME: equally priced homes
- Chebeague Island, ME: higher priced homes
- Cliff Island, ME: equally priced homes
- Harpswell, ME: equally priced homes
- North Harpswell, ME: equally priced homes
- West Point, ME: less expensive homes
- South Durham, ME: higher priced homes
- Sebasco Estates, ME: less expensive homes
- Long Island, ME: equally priced homes
Cities with Similar Populations
- Avoca, TX: less expensive homes
- Rockland, KY: less expensive homes
- Graham, MO: less expensive homes
- Thomas, LA: less expensive homes
- Edwardsville, DE: less expensive homes
- La Jose, PA: less expensive homes
- Tatum, SC: less expensive homes
- Eckville, PA: less expensive homes
- Lake Marcel-Stillwater, WA: higher priced homes
- Ebenezer, MS: less expensive homes
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