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These days, finding an affordable place to live in the Hancock area can be challenging. Home prices in Hancock are now at a median cost of $286,924, lower than the Maine average of $330,167.
The average cost of rent is $1,177/mo in Hancock, primarily driven by the current value of real estate in the Hancock area. In Hancock, 17.36% of households rent, and 49.66% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Hancock is $5,390 per month. Households that rent pay about 21.84% of their income on rent here. Hancock’s most expensive areas are in the central regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Marlboro, ME: higher priced homes
- Lamoine, ME: higher priced homes
- West Franklin, ME: less expensive homes
- Sullivan, ME: less expensive homes
- Sorrento, ME: less expensive homes
- East Franklin, ME: less expensive homes
- Trenton, ME: higher priced homes
- Fletchers Landing, ME: less expensive homes
- Franklin, ME: less expensive homes
- Ellsworth, ME: equally priced homes
Cities with Similar Populations
- Lenhartsville, PA: equally priced homes
- Silver Creek, MN: higher priced homes
- New Sharon, IA: less expensive homes
- Morgan, GA: less expensive homes
- Mentone, IN: less expensive homes
- Maud, TX: less expensive homes
- Martinsville, IL: less expensive homes
- Maple Plain, MN: higher priced homes
- Lone Tree, IA: less expensive homes
- Staffordsville, KY: less expensive homes
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