Home Price Key
Affordable
Average
Expensive
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 $243,042, lower than the the United States average of $313,691.
The average cost of rent is $1,013/mo in Maine, primarily driven by the current value of real estate in the Maine area. While nearly 40.35% of residents own their homes outright in Maine, 24.22% rent.
Housing affordability isn’t just about home prices, though. The average household income in Maine is $5,793 per month. Households that rent pay about 17.48% of their income on rent here. Maine's most expensive areas are in the southwestern regions, while the cheapest areas are in the southeastern parts of the state.
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: equally priced 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: equally priced homes
- Alaska: equally priced homes
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