The Most Affordable Neighborhoods in Prospect Harbor, ME by Home Value

 

Prospect Harbor, ME Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Prospect Harbor area can be challenging. Home prices in Prospect Harbor are now at a median cost of $212,542, lower than the Maine average of $243,042.

The average cost of rent is $726/mo in Prospect Harbor, primarily driven by the current value of real estate in the Prospect Harbor area. While nearly 45.78% of residents own their homes outright in Prospect Harbor, 14.48% rent.

Housing affordability isn’t just about home prices, though. The average household income in Prospect Harbor is $5,206 per month. Households that rent pay about 13.94% of their income on rent here. Prospect Harbor's most expensive areas are in the eastern regions, while the cheapest areas are in the northwestern parts of the city.


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