Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Peaks Island area can be challenging. Home prices in Peaks Island are now at a median cost of $373,417, higher than the Maine average of $243,042.
The average cost of rent is $1,064/mo in Peaks Island, primarily driven by the current value of real estate in the Peaks Island area. While nearly 46.58% of residents own their homes outright in Peaks Island, 12.47% rent.
Housing affordability isn’t just about home prices, though. The average household income in Peaks Island is $7,179 per month. Households that rent pay about 14.81% of their income on rent here. Peaks Island's most expensive areas are in the western regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
- Long Island, ME: equally priced homes
- Cape Elizabeth, ME: higher priced homes
- South Portland, ME: less expensive homes
- Portland, ME: equally priced homes
- Cliff Island, ME: equally priced homes
- Cash Corner, ME: equally priced homes
- Chebeague Island, ME: higher priced homes
- Falmouth, ME: higher priced homes
- Cumberland Foreside, ME: higher priced homes
- Westbrook, ME: less expensive homes
Cities with Similar Populations
- White City, KS: less expensive homes
- Gaither, AR: less expensive homes
- Girard, GA: less expensive homes
- Gordonville, TX: less expensive homes
- Goshen, NH: less expensive homes
- Great Crossing, KY: less expensive homes
- Groton, VT: less expensive homes
- Guysie, GA: less expensive homes
- Willow River, MN: less expensive homes
- Funkstown, MD: less expensive homes
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