The Most Affordable Neighborhoods in Bowdoin, ME by Home Value

 

Bowdoin, ME Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Bowdoin area can be challenging. Home prices in Bowdoin are now at a median cost of $222,947, lower than the Maine average of $243,042.

The average cost of rent is $1,030/mo in Bowdoin, primarily driven by the current value of real estate in the Bowdoin area. While nearly 28.95% of residents own their homes outright in Bowdoin, 6.68% rent.

Housing affordability isn’t just about home prices, though. The average household income in Bowdoin is $5,731 per month. Households that rent pay about 17.97% of their income on rent here. Bowdoin's most expensive areas are in the southeastern regions, while the cheapest areas are in the northwestern parts of the city.


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