The Most Affordable Neighborhoods in South Bancroft, ME by Home Value

 

South Bancroft, ME Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the South Bancroft area can be challenging. Home prices in South Bancroft are now at a median cost of $108,800, lower than the Maine average of $330,167.

The average cost of rent is $778/mo in South Bancroft, primarily driven by the current value of real estate in the South Bancroft area. In South Bancroft, 16.39% of households rent, and 67.61% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in South Bancroft is $3,899 per month. Households that rent pay about 19.95% of their income on rent here. South Bancroft’s most expensive areas are in the central 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.


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