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Affordable
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These days, finding an affordable place to live in the Norway Lake area can be challenging. Home prices in Norway Lake are now at a median cost of $225,529, lower than the Maine average of $330,167.
The average cost of rent is $770/mo in Norway Lake, primarily driven by the current value of real estate in the Norway Lake area. In Norway Lake, 6.44% of households rent, and 54.52% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Norway Lake is $5,897 per month. Households that rent pay about 13.06% of their income on rent here. Norway Lake’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.
Nearby Cities
- Norway, ME: less expensive homes
- East Waterford, ME: equally priced homes
- Otisfield, ME: higher priced homes
- South Paris, ME: higher priced homes
- Harrison, ME: higher priced homes
- Waterford, ME: higher priced homes
- Oxford, ME: equally priced homes
- Paris, ME: higher priced homes
- Scribners Mill, ME: higher priced homes
- North Bridgton, ME: higher priced homes
Cities with Similar Populations
- Richard, LA: equally priced homes
- Plaisance, LA: higher priced homes
- Port Royal, KY: less expensive homes
- Potter Junction, AR: less expensive homes
- Pottersville, VT: equally priced homes
- Range, AL: less expensive homes
- Red Level, FL: higher priced homes
- Redman, MI: less expensive homes
- Renault, IL: less expensive homes
- Rexville, NY: less expensive homes
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