Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Scarborough area can be challenging. Home prices in Scarborough are now at a median cost of $430,723, higher than the Maine average of $243,042.
The average cost of rent is $1,920/mo in Scarborough, primarily driven by the current value of real estate in the Scarborough area. While nearly 33.74% of residents own their homes outright in Scarborough, 23.06% rent.
Housing affordability isn’t just about home prices, though. The average household income in Scarborough is $9,516 per month. Households that rent pay about 20.18% of their income on rent here. Scarborough's most expensive areas are in the southwestern regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
- Old Orchard Beach, ME: less expensive homes
- South Portland, ME: less expensive homes
- Cash Corner, ME: less expensive homes
- Cape Elizabeth, ME: higher priced homes
- Saco, ME: less expensive homes
- Westbrook, ME: less expensive homes
- Portland, ME: less expensive homes
- Buxton, ME: less expensive homes
- Biddeford, ME: less expensive homes
- Gorham, ME: less expensive homes
Cities with Similar Populations
- Rocky Hill, CT: less expensive homes
- Mineola, NY: higher priced homes
- Montclair, VA: equally priced homes
- Montgomery, IL: less expensive homes
- Mooresville, IN: less expensive homes
- Mountain Home, ID: less expensive homes
- Mukilteo, WA: higher priced homes
- Neptune, NJ: less expensive homes
- New Hope, MN: less expensive homes
- Park Forest, IL: less expensive homes
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