The Most Affordable Neighborhoods in Orrs Island, ME by Home Value

 

Orrs Island, ME Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Orrs Island area can be challenging. Home prices in Orrs Island are now at a median cost of $464,800, higher than the Maine average of $243,042.

The average cost of rent is $1,082/mo in Orrs Island, primarily driven by the current value of real estate in the Orrs Island area. While nearly 64.42% of residents own their homes outright in Orrs Island, 42.46% rent.

Housing affordability isn’t just about home prices, though. The average household income in Orrs Island is $8,968 per month. Households that rent pay about 12.06% of their income on rent here. Orrs Island's most expensive areas are in the southwestern regions, while the cheapest areas are in the central parts of the city.


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