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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 $567,367, higher than the Maine average of $330,167.
The average cost of rent is $2,102/mo in Scarborough, primarily driven by the current value of real estate in the Scarborough area. In Scarborough, 22.54% of households rent, and 38.30% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Scarborough is $11,512 per month. Households that rent pay about 18.26% of their income on rent here. Scarborough’s most expensive areas are in the southeastern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
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: equally priced 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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