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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 $330,167, lower than the the United States average of $419,293.
The average cost of rent is $1,230/mo in Maine, primarily driven by the current value of real estate in the Maine area. In Maine, 25.72% of households rent, and 41.57% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Maine is $6,863 per month. Households that rent pay about 17.92% of their income on rent here. Maine’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northeastern parts of the state.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby States
- New Hampshire: higher priced homes
- Vermont: equally priced homes
- Massachusetts: higher priced homes
- Rhode Island: higher priced homes
- Connecticut: higher priced homes
- New York: higher priced homes
- New Jersey: higher priced homes
- Delaware: higher priced homes
- Pennsylvania: less expensive homes
- Maryland: higher priced homes
States with Similar Populations
- South Dakota: less expensive homes
- Mississippi: less expensive homes
- Montana: higher priced homes
- Nevada: higher priced homes
- New Hampshire: higher priced homes
- New Jersey: higher priced homes
- Puerto Rico: less expensive homes
- Rhode Island: higher priced homes
- South Carolina: less expensive homes
- Alaska: equally priced homes
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