The Most Affordable Neighborhoods in Milo, ME by Home Value

These days, finding an affordable place to live in the Milo area can be challenging. Home prices in Milo are now at a median cost of $105,661, lower than the Maine average of $330,167.

The average cost of rent is $778/mo in Milo, primarily driven by the current value of real estate in the Milo area. In Milo, 26.56% of households rent, and 58.13% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Milo is $5,078 per month. Households that rent pay about 15.33% of their income on rent here. Milo’s most expensive areas are in the southern regions, while the cheapest areas are in the northern parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.

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