The Most Affordable Neighborhoods in Cherryfield, ME by Home Value

 

Cherryfield, ME Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Cherryfield area can be challenging. Home prices in Cherryfield are now at a median cost of $114,304, lower than the Maine average of $243,042.

The average cost of rent is $369/mo in Cherryfield, primarily driven by the current value of real estate in the Cherryfield area. While nearly 56.69% of residents own their homes outright in Cherryfield, 27.96% rent.

Housing affordability isn’t just about home prices, though. The average household income in Cherryfield is $2,997 per month. Households that rent pay about 12.32% of their income on rent here. Cherryfield's most expensive areas are in the southern regions, while the cheapest areas are in the central parts of the city.


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