The Most Affordable Neighborhoods in Cape Neddick, ME by Home Value

 

Cape Neddick, ME Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Cape Neddick area can be challenging. Home prices in Cape Neddick are now at a median cost of $509,313, higher than the Maine average of $243,042.

The average cost of rent is $1,460/mo in Cape Neddick, primarily driven by the current value of real estate in the Cape Neddick area. While nearly 53.95% of residents own their homes outright in Cape Neddick, 23.18% rent.

Housing affordability isn’t just about home prices, though. The average household income in Cape Neddick is $7,677 per month. Households that rent pay about 19.02% of their income on rent here. Cape Neddick's most expensive areas are in the southern regions, while the cheapest areas are in the western parts of the city.


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