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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 $731,900, higher than the Maine average of $330,167.
The average cost of rent is $2,005/mo in Cape Elizabeth, primarily driven by the current value of real estate in the Cape Elizabeth area. In Cape Elizabeth, 11.52% of households rent, and 36.83% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Cape Elizabeth is $12,440 per month. Households that rent pay about 16.11% of their income on rent here. Cape Elizabeth’s most expensive areas are in the southern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
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
- Scarborough, ME: less expensive homes
- 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
- Vandalia, IL: less expensive homes
- Country Club Estates, GA: less expensive homes
- Cowpens, SC: less expensive homes
- Crestwood Village, NJ: less expensive homes
- Crittenden, KY: less expensive homes
- Crossville, AL: less expensive homes
- Crozet, VA: less expensive homes
- Curtis Bay, MD: less expensive homes
- Cusseta, GA: less expensive homes
- Economy, PA: less expensive homes
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