Affordable
Expensive
Expensive
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These days, finding an affordable place to live in the Ocean Avenue area can be challenging. Home prices in Ocean Avenue are now at a median cost of $481,053, lower than the Portland average of $544,824.
The average cost of rent is $1,839/mo in Ocean Avenue, primarily driven by the current value of real estate in the Ocean Avenue area. In Ocean Avenue, 30.63% of households rent, and 37.81% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Ocean Avenue is $8,733 per month. Households that rent pay about 21.05% of their income on rent here. Ocean Avenue’s most expensive areas are in the southern regions, while the cheapest areas are in the northern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- Deering, Portland, ME: higher priced homes
- Oakdale, Portland, ME: higher priced homes
- East Deering, Portland, ME: equally priced homes
- Rosemont, Portland, ME: higher priced homes
- Parkside, Portland, ME: higher priced homes
- North Deering, Portland, ME: equally priced homes
- East End, Portland, ME: higher priced homes
- Riverton, Portland, ME: less expensive homes
- Nasons Corner, Portland, ME: less expensive homes
- Downtown, Portland, ME: higher priced homes
Neighborhoods with Similar Populations
- Allen, Buffalo, NY: equally priced homes
- Wortendyke, Midland Park, NJ: higher priced homes
- Arena District, San Antonio, TX: less expensive homes
- Westwood, Pittsburgh, PA: less expensive homes
- Woodhaven, Fargo, ND: less expensive homes
- Wildes Corner, Warwick, RI: less expensive homes
- Woodbridge, Detroit, MI: less expensive homes
- Overlook Park, Allentown, PA: less expensive homes
- Noralto, Sacramento, CA: less expensive homes
- Overbrook, Pittsburgh, PA: less expensive homes
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