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These days, finding an affordable place to live in the Rumford area can be challenging. Home prices in Rumford are now at a median cost of $143,417, lower than the Maine average of $330,167.
The average cost of rent is $777/mo in Rumford, primarily driven by the current value of real estate in the Rumford area. In Rumford, 37.42% of households rent, and 51.01% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Rumford is $3,143 per month. Households that rent pay about 24.73% of their income on rent here. Rumford’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Mexico, ME: less expensive homes
- Peru, ME: equally priced homes
- Frye, ME: less expensive homes
- Dixfield, ME: higher priced homes
- Hanover, ME: higher priced homes
- East Andover, ME: higher priced homes
- Roxbury, ME: less expensive homes
- Rumford Corner, ME: higher priced homes
- East Peru, ME: higher priced homes
- South Andover, ME: higher priced homes
Cities with Similar Populations
- Marietta, SC: higher priced homes
- Post, TX: less expensive homes
- Porter, IN: higher priced homes
- Port Monmouth, NJ: higher priced homes
- Mingo Junction, OH: less expensive homes
- Minersville, PA: less expensive homes
- Minden, NV: higher priced homes
- Marlin, TX: less expensive homes
- Marlborough, CT: higher priced homes
- Marion, TX: higher priced homes
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