The Most Affordable Neighborhoods in West Franklin, ME by Home Value

 

West Franklin, ME Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the West Franklin area can be challenging. Home prices in West Franklin are now at a median cost of $238,371, lower than the Maine average of $330,167.

The average cost of rent is $964/mo in West Franklin, primarily driven by the current value of real estate in the West Franklin area. In West Franklin, 23.67% of households rent, and 51.64% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in West Franklin is $5,143 per month. Households that rent pay about 18.75% of their income on rent here. West Franklin’s most expensive areas are in the central regions, while the cheapest areas are in the northwestern 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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