The Most Affordable Neighborhoods in North Monroe, ME by Home Value

 

North Monroe, ME Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the North Monroe area can be challenging. Home prices in North Monroe are now at a median cost of $226,700, lower than the Maine average of $330,167.

The average cost of rent is $1,029/mo in North Monroe, primarily driven by the current value of real estate in the North Monroe area. In North Monroe, 15.82% of households rent, and 55.85% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in North Monroe is $6,528 per month. Households that rent pay about 15.76% of their income on rent here. North Monroe’s most expensive areas are in the central regions, while the cheapest areas are in the central 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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