The Most Affordable Neighborhoods in Minot, ME by Home Value

 

Minot, ME Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Minot area can be challenging. Home prices in Minot are now at a median cost of $291,966, lower than the Maine average of $330,167.

The average cost of rent is $1,070/mo in Minot, primarily driven by the current value of real estate in the Minot area. In Minot, 4.11% of households rent, and 39.10% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Minot is $6,699 per month. Households that rent pay about 15.98% of their income on rent here. Minot’s most expensive areas are in the eastern regions, while the cheapest areas are in the western 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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