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These days, finding an affordable place to live in the East Denmark area can be challenging. Home prices in East Denmark are now at a median cost of $303,672, lower than the Maine average of $330,167.
The average cost of rent is $1,413/mo in East Denmark, primarily driven by the current value of real estate in the East Denmark area. In East Denmark, 9.41% of households rent, and 51.08% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in East Denmark is $6,265 per month. Households that rent pay about 22.55% of their income on rent here. East Denmark’s most expensive areas are in the northern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
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