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These days, finding an affordable place to live in the Shawmut area can be challenging. Home prices in Shawmut are now at a median cost of $211,613, lower than the Maine average of $330,167.
The average cost of rent is $1,123/mo in Shawmut, primarily driven by the current value of real estate in the Shawmut area. In Shawmut, 10.34% of households rent, and 41.03% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Shawmut is $6,992 per month. Households that rent pay about 16.06% of their income on rent here. Shawmut’s most expensive areas are in the southwestern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Fairfield, ME: less expensive homes
- Clinton, ME: less expensive homes
- Hinckley, ME: less expensive homes
- Fairfield Center, ME: equally priced homes
- Waterville, ME: less expensive homes
- Winslow, ME: equally priced homes
- Canaan, ME: less expensive homes
- Larone, ME: less expensive homes
- Winnecook, ME: equally priced homes
- Oakland, ME: higher priced homes
Cities with Similar Populations
- Ames, TX: higher priced homes
- Youngstown, PA: equally priced homes
- Westport, KY: higher priced homes
- Washington, ME: equally priced homes
- Brady Lake, OH: equally priced homes
- Boons Camp, KY: less expensive homes
- Biron, WI: less expensive homes
- Bethelridge, KY: less expensive homes
- Bethel, WI: higher priced homes
- Bethel, MN: higher priced homes
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