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These days, finding an affordable place to live in the Mechanic Falls area can be challenging. Home prices in Mechanic Falls are now at a median cost of $254,423, lower than the Maine average of $330,167.
The average cost of rent is $1,103/mo in Mechanic Falls, primarily driven by the current value of real estate in the Mechanic Falls area. In Mechanic Falls, 21.15% of households rent, and 35.87% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Mechanic Falls is $5,632 per month. Households that rent pay about 19.58% of their income on rent here. Mechanic Falls’s most expensive areas are in the western regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Minot, ME: higher priced homes
- Poland, ME: equally priced homes
- Oxford, ME: less expensive homes
- East Otisfield, ME: higher priced homes
- West Poland, ME: higher priced homes
- Hebron, ME: equally priced homes
- Poland Spring, ME: higher priced homes
- Auburn, ME: higher priced homes
- Otisfield, ME: higher priced homes
- Crescent Lake, ME: higher priced homes
Cities with Similar Populations
- St. Bonifacius, MN: higher priced homes
- Green Island, NY: less expensive homes
- Harpursville, NY: less expensive homes
- Hemphill, TX: less expensive homes
- Hornsby Bend, TX: higher priced homes
- Jayess, MS: less expensive homes
- Peridot, AZ: less expensive homes
- Princeton, WI: less expensive homes
- Richfield, NC: equally priced homes
- Kirkwood, PA: higher priced homes
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