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These days, finding an affordable place to live in the Damariscotta area can be challenging. Home prices in Damariscotta are now at a median cost of $355,103, higher than the Maine average of $330,167.
The average cost of rent is $976/mo in Damariscotta, primarily driven by the current value of real estate in the Damariscotta area. In Damariscotta, 29.09% of households rent, and 50.53% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Damariscotta is $5,058 per month. Households that rent pay about 19.30% of their income on rent here. Damariscotta’s most expensive areas are in the southern regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Newcastle, ME: higher priced homes
- Bremen, ME: higher priced homes
- Bristol, ME: equally priced homes
- Nobleboro, ME: equally priced homes
- Medomak, ME: higher priced homes
- West Waldoboro, ME: equally priced homes
- North Newcastle, ME: equally priced homes
- Alna, ME: equally priced homes
- South Newcastle, ME: equally priced homes
- North Edgecomb, ME: equally priced homes
Cities with Similar Populations
- Spangle, WA: higher priced homes
- Grand Rivers, KY: less expensive homes
- Grove City, MN: less expensive homes
- Hardinsburg, IN: less expensive homes
- Hershey, NE: less expensive homes
- Jackson Center, OH: less expensive homes
- Kingman, IN: less expensive homes
- Laguna, NM: less expensive homes
- Levittown, PR: less expensive homes
- Magazine, AR: less expensive homes
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