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These days, finding an affordable place to live in the East Madison area can be challenging. Home prices in East Madison are now at a median cost of $219,570, lower than the Maine average of $330,167.
The average cost of rent is $857/mo in East Madison, primarily driven by the current value of real estate in the East Madison area. In East Madison, 24.74% of households rent, and 44.59% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in East Madison is $5,803 per month. Households that rent pay about 14.77% of their income on rent here. East Madison’s most expensive areas are in the northwestern 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.
Nearby Cities
- Skowhegan, ME: less expensive homes
- Larone, ME: less expensive homes
- Hinckley, ME: less expensive homes
- Canaan, ME: less expensive homes
- Madison, ME: less expensive homes
- Norridgewock, ME: less expensive homes
- Rome, ME: less expensive homes
- Athens, ME: less expensive homes
- Shawmut, ME: equally priced homes
- Fairfield Center, ME: less expensive homes
Cities with Similar Populations
- Alfred Station, NY: less expensive homes
- Schaefferstown, PA: higher priced homes
- Chemung, NY: less expensive homes
- Cannon, KY: less expensive homes
- Cuyuna, MN: higher priced homes
- Wampee, SC: higher priced homes
- Brownsville, MS: higher priced homes
- Dodd City, TX: equally priced homes
- Brock, OK: equally priced homes
- Waubay, SD: equally priced homes
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