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 $589,600, higher than the Maine average of $330,167.

The average cost of rent is $1,408/mo in Orrs Island, primarily driven by the current value of real estate in the Orrs Island area. In Orrs Island, 27.21% of households rent, and 50.74% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Orrs Island is $9,616 per month. Households that rent pay about 14.64% of their income on rent here. Orrs Island’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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