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These days, finding an affordable place to live in the Saco area can be challenging. Home prices in Saco are now at a median cost of $433,854, higher than the Maine average of $330,167.
The average cost of rent is $1,335/mo in Saco, primarily driven by the current value of real estate in the Saco area. In Saco, 26.83% of households rent, and 35.68% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Saco is $8,492 per month. Households that rent pay about 15.72% of their income on rent here. Saco’s most expensive areas are in the southeastern 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
- Biddeford, ME: equally priced homes
- Old Orchard Beach, ME: less expensive homes
- Scarborough, ME: higher priced homes
- Bar Mills, ME: equally priced homes
- Goodwins Mills, ME: less expensive homes
- Salmon Falls, ME: less expensive homes
- Kennebunkport, ME: higher priced homes
- Buxton, ME: less expensive homes
- West Kennebunk, ME: higher priced homes
- South Hollis, ME: less expensive homes
Cities with Similar Populations
- Arcata, CA: higher priced homes
- Beaufort, SC: less expensive homes
- Bay City, TX: less expensive homes
- Baldwin, PA: less expensive homes
- Bainbridge, GA: less expensive homes
- Anna, TX: less expensive homes
- Alum Rock, CA: higher priced homes
- Altamont, OR: less expensive homes
- Alsip, IL: less expensive homes
- Alpine, CA: higher priced homes
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