Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Cape Elizabeth area can be challenging. Home prices in Cape Elizabeth are now at a median cost of $531,615, higher than the Maine average of $243,042.
The average cost of rent is $1,694/mo in Cape Elizabeth, primarily driven by the current value of real estate in the Cape Elizabeth area. While nearly 34.24% of residents own their homes outright in Cape Elizabeth, 11.58% rent.
Housing affordability isn’t just about home prices, though. The average household income in Cape Elizabeth is $10,450 per month. Households that rent pay about 16.21% of their income on rent here. Cape Elizabeth's most expensive areas are in the northern regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Cash Corner, ME: less expensive homes
- South Portland, ME: less expensive homes
- Peaks Island, ME: less expensive homes
- Portland, ME: less expensive homes
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- Long Island, ME: less expensive homes
- Cliff Island, ME: less expensive homes
- Westbrook, ME: less expensive homes
- Falmouth, ME: equally priced homes
- Old Orchard Beach, ME: less expensive homes
Cities with Similar Populations
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- Crossville, AL: less expensive homes
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- Cusseta, GA: less expensive homes
- Economy, PA: less expensive homes
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