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These days, finding an affordable place to live in the Hallowell area can be challenging. Home prices in Hallowell are now at a median cost of $311,047, lower than the Maine average of $330,167.
The average cost of rent is $917/mo in Hallowell, primarily driven by the current value of real estate in the Hallowell area. In Hallowell, 40.45% of households rent, and 41.34% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Hallowell is $5,576 per month. Households that rent pay about 16.45% of their income on rent here. Hallowell’s most expensive areas are in the southwestern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Farmingdale, ME: equally priced homes
- Augusta, ME: less expensive homes
- Randolph, ME: less expensive homes
- Manchester, ME: equally priced homes
- Togus, ME: less expensive homes
- East Winthrop, ME: higher priced homes
- Gardiner, ME: less expensive homes
- Spears Corner, ME: equally priced homes
- Pittston, ME: equally priced homes
- Winthrop, ME: equally priced homes
Cities with Similar Populations
- Butler, AL: less expensive homes
- Warren, MA: equally priced homes
- Upper Black Eddy, PA: higher priced homes
- Union, NH: equally priced homes
- Townsend, GA: less expensive homes
- Toomsuba, MS: less expensive homes
- Sumac, GA: less expensive homes
- Sells, AZ: less expensive homes
- Poultney, VT: less expensive homes
- Lumpkin, GA: less expensive homes
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