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These days, finding an affordable place to live in the Island Falls area can be challenging. Home prices in Island Falls are now at a median cost of $114,507, lower than the Maine average of $330,167.
The average cost of rent is $657/mo in Island Falls, primarily driven by the current value of real estate in the Island Falls area. In Island Falls, 16.00% of households rent, and 67.88% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Island Falls is $4,578 per month. Households that rent pay about 14.36% of their income on rent here. Island Falls’s most expensive areas are in the northeastern 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
- Dyer Brook, ME: higher priced homes
- Patten, ME: equally priced homes
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- Smyrna Mills, ME: higher priced homes
- Sherman Station, ME: equally priced homes
- Silver Ridge, ME: equally priced homes
- Sherman, ME: higher priced homes
- Smyrna Center, ME: equally priced homes
- Linneus, ME: higher priced homes
Cities with Similar Populations
- Anna Maria, FL: higher priced homes
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- Oxford, KS: equally priced homes
- Orr, MI: higher priced homes
- Pall Mall, TN: higher priced homes
- Paradise Hill, OH: higher priced homes
- Peniel Crossroads, SC: higher priced homes
- Perrysburg, NY: higher priced homes
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