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Affordable
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These days, finding an affordable place to live in the Penobscot area can be challenging. Home prices in Penobscot are now at a median cost of $298,659, lower than the Maine average of $330,167.
The average cost of rent is $1,126/mo in Penobscot, primarily driven by the current value of real estate in the Penobscot area. In Penobscot, 15.53% of households rent, and 56.96% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Penobscot is $5,439 per month. Households that rent pay about 20.70% of their income on rent here. Penobscot’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- South Penobscot, ME: equally priced homes
- Verona Island, ME: less expensive homes
- Orland, ME: equally priced homes
- West Penobscot, ME: equally priced homes
- Blue Hill, ME: higher priced homes
- West Ellsworth, ME: equally priced homes
- West Brooksville, ME: higher priced homes
- Castine, ME: higher priced homes
- Brooksville, ME: higher priced homes
- Stockton Springs, ME: less expensive homes
Cities with Similar Populations
- Douglas, IN: less expensive homes
- Wakarusa, KS: less expensive homes
- Vida, OR: higher priced homes
- Twin View Heights, IA: higher priced homes
- Trinidad, WA: higher priced homes
- Easton, KS: equally priced homes
- East Carbon, UT: less expensive homes
- Downing, WI: less expensive homes
- Dowelltown, TN: less expensive homes
- Dow City, IA: less expensive homes
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