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These days, finding an affordable place to live in the Waterville area can be challenging. Home prices in Waterville are now at a median cost of $186,177, lower than the Maine average of $330,167.
The average cost of rent is $1,058/mo in Waterville, primarily driven by the current value of real estate in the Waterville area. In Waterville, 46.42% of households rent, and 50.08% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Waterville is $5,424 per month. Households that rent pay about 19.51% of their income on rent here. Waterville’s most expensive areas are in the northwestern regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Winslow, ME: higher priced homes
- Fairfield, ME: equally priced homes
- Fairfield Center, ME: equally priced homes
- Oakland, ME: higher priced homes
- North Vassalboro, ME: higher priced homes
- Shawmut, ME: higher priced homes
- Weeks Mills, ME: higher priced homes
- North Belgrade, ME: higher priced homes
- Vassalboro, ME: higher priced homes
- Clinton, ME: equally priced homes
Cities with Similar Populations
- Cortlandt Manor, NY: higher priced homes
- Taft, CA: higher priced homes
- Swansea, MA: higher priced homes
- Sulphur Springs, TX: higher priced homes
- Sudbury, MA: higher priced homes
- Streetsboro, OH: higher priced homes
- Stoughton, WI: higher priced homes
- Steamboat Springs, CO: higher priced homes
- St. Michael, MN: higher priced homes
- Southbury, CT: higher priced homes
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