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These days, finding an affordable place to live in the Maine area can be challenging. Home prices in Maine are now at a median cost of $163,502, lower than the New York average of $610,895.
The average cost of rent is $909/mo in Maine, primarily driven by the current value of real estate in the Maine area. In Maine, 19.64% of households rent, and 60.17% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Maine is $7,327 per month. Households that rent pay about 12.41% of their income on rent here. Maine’s most expensive areas are in the southeastern 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
- Nanticoke, NY: equally priced homes
- Glen Aubrey, NY: equally priced homes
- East Berkshire, NY: less expensive homes
- Newark Valley, NY: less expensive homes
- Lisle, NY: less expensive homes
- Hullsville, NY: equally priced homes
- Castle Creek, NY: less expensive homes
- Whitney Point, NY: less expensive homes
- Berkshire, NY: less expensive homes
- Foster, NY: less expensive homes
Cities with Similar Populations
- Nick, KY: equally priced homes
- Pleasant Plains, NJ: higher priced homes
- Plainville, IL: equally priced homes
- Peytona, WV: less expensive homes
- Paris, MS: equally priced homes
- Palm, PA: higher priced homes
- Otis, LA: equally priced homes
- Oro Grande, CA: higher priced homes
- Nickel, TX: higher priced homes
- Pleasant Ridge, MO: higher priced homes
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