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These days, finding an affordable place to live in the Caribou area can be challenging. Home prices in Caribou are now at a median cost of $133,337, lower than the Maine average of $330,167.
The average cost of rent is $683/mo in Caribou, primarily driven by the current value of real estate in the Caribou area. In Caribou, 26.52% of households rent, and 56.66% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Caribou is $4,342 per month. Households that rent pay about 15.72% of their income on rent here. Caribou’s most expensive areas are in the northern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Colby, ME: higher priced homes
- North Wade, ME: equally priced homes
- Morris Corner, ME: less expensive homes
- New Sweden, ME: higher priced homes
- North Lyndon, ME: higher priced homes
- Goodrich, ME: higher priced homes
- Washburn, ME: less expensive homes
- Limestone, ME: less expensive homes
- Four Corners, ME: less expensive homes
- Sweden, ME: higher priced homes
Cities with Similar Populations
- Silver Springs Shores, FL: higher priced homes
- Clear Lake, IA: higher priced homes
- Clearwater Beach, FL: higher priced homes
- Colusa, CA: higher priced homes
- Corry, PA: less expensive homes
- Cos Cob, CT: higher priced homes
- Cottontown, TN: higher priced homes
- Crete, NE: higher priced homes
- Frankfort, NY: higher priced homes
- Scottsburg, IN: higher priced homes
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