Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Wells area can be challenging. Home prices in Wells are now at a median cost of $421,209, higher than the Maine average of $243,042.
The average cost of rent is $1,043/mo in Wells, primarily driven by the current value of real estate in the Wells area. While nearly 40.16% of residents own their homes outright in Wells, 19.24% rent.
Housing affordability isn’t just about home prices, though. The average household income in Wells is $6,432 per month. Households that rent pay about 16.22% of their income on rent here. Wells's most expensive areas are in the eastern regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Highpine, ME: less expensive homes
- Moody, ME: less expensive homes
- Ogunquit, ME: higher priced homes
- Wells Branch, ME: less expensive homes
- Kennebunk, ME: equally priced homes
- West Kennebunk, ME: less expensive homes
- North Berwick, ME: less expensive homes
- South Sanford, ME: less expensive homes
- Kennebunkport, ME: equally priced homes
- Cape Neddick, ME: higher priced homes
Cities with Similar Populations
- Waterville, OH: less expensive homes
- Camilla, GA: less expensive homes
- Camp Swift, TX: less expensive homes
- Campbell, OH: less expensive homes
- Canton, TX: less expensive homes
- Cape Elizabeth, ME: higher priced homes
- Capistrano Beach, CA: higher priced homes
- Caribou, ME: less expensive homes
- Carleton, MI: less expensive homes
- Carrollton, OH: less expensive homes
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