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Affordable
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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 $269,314, lower than the Maine average of $330,167.
The average cost of rent is $933/mo in Bowdoin, primarily driven by the current value of real estate in the Bowdoin area. In Bowdoin, 11.57% of households rent, and 36.24% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Bowdoin is $7,060 per month. Households that rent pay about 13.21% of their income on rent here. Bowdoin’s most expensive areas are in the central regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Litchfield Corners, ME: equally priced homes
- Lisbon Falls, ME: equally priced homes
- Bowdoinham, ME: higher priced homes
- Cathance, ME: higher priced homes
- Litchfield Plains, ME: less expensive homes
- Richmond Corner, ME: higher priced homes
- Sabattus, ME: less expensive homes
- Lisbon, ME: equally priced homes
- Litchfield, ME: equally priced homes
- South Monmouth, ME: equally priced homes
Cities with Similar Populations
- National Park, NJ: less expensive homes
- Thorsby, AL: less expensive homes
- Chimayo, NM: equally priced homes
- Warner, OK: less expensive homes
- Westport, IN: less expensive homes
- Nags Head, NC: higher priced homes
- Pierson, FL: higher priced homes
- Garfield, GA: less expensive homes
- Ganado, TX: less expensive homes
- DeCordova, TX: higher priced homes
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