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1 / 30#30. Raymond, ME
- Typical home value: $501,591
- 1-year price change: +0.7%
- 5-year price change: +17.6%
Cities with the most expensive homes in the Portland, Maine metro area
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Purchasing a home is one of the most important investments there is. More than a place to live, homeownership is an asset with the potential to tremendously rise in value. But with home prices reaching record heights, plays a huge role for buyers.
The typical home value in the United States was $369,678 in August, 1.3% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of September 17, the sits at 6.95%.Although home prices have inflated all across the U.S., there are some cities that command a higher price tag than others. Location, size, age, and condition are all contributing factors to home value.
compiled a list of cities with the most expensive homes in the Portland, Maine metro area using data from . Charts show the monthly typical home value since January 2018. Data was available for 65 cities and towns.
You may also like: The most expensive neighborhoods in Portland, Maine
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2 / 30#29. Old Orchard Beach, ME
- Typical home value: $507,767
- 1-year price change: +1.8%
- 5-year price change: +34.0%
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3 / 30#28. Biddeford, ME
- Typical home value: $511,133
- 1-year price change: +0.4%
- 5-year price change: +32.8%
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4 / 30#27. South Portland, ME
- Typical home value: $522,512
- 1-year price change: +3.3%
- 5-year price change: +27.5%
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5 / 30#26. Saco, ME
- Typical home value: $524,610
- 1-year price change: +0.9%
- 5-year price change: +31.0%
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6 / 30#25. Gray, ME
- Typical home value: $524,845
- 1-year price change: +7.1%
- 5-year price change: +33.9%
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7 / 30#24. South Berwick, ME
- Typical home value: $528,031
- 1-year price change: +2.7%
- 5-year price change: +28.9%
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8 / 30#23. Arundel, ME
- Typical home value: $536,697
- 1-year price change: +0.2%
- 5-year price change: +24.0%
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9 / 30#22. West Bath, ME
- Typical home value: $538,544
- 1-year price change: +0.5%
- 5-year price change: +37.6%
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10 / 30#21. Gorham, ME
- Typical home value: $545,646
- 1-year price change: +1.5%
- 5-year price change: +29.3%
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11 / 30#20. Portland, ME
- Typical home value: $559,175
- 1-year price change: +0.0%
- 5-year price change: +25.8%
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12 / 30#19. Pownal, ME
- Typical home value: $589,702
- 1-year price change: +3.8%
- 5-year price change: +16.0%
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13 / 30#18. Wells, ME
- Typical home value: $592,452
- 1-year price change: +2.6%
- 5-year price change: +36.5%
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14 / 30#17. Eliot, ME
- Typical home value: $614,028
- 1-year price change: +0.6%
- 5-year price change: +21.5%
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15 / 30#16. Kennebunk, ME
- Typical home value: $620,522
- 1-year price change: +1.8%
- 5-year price change: +27.2%
You may also like: Cities with the fastest-growing home prices in the Portland, Maine metro area
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16 / 30#15. Chebeague Island, ME
- Typical home value: $645,885
- 1-year price change: -0.8%
- 5-year price change: +20.1%
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17 / 30#14. Long Island, ME
- Typical home value: $654,584
- 1-year price change: +4.2%
- 5-year price change: +1.1%
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18 / 30#13. Freeport, ME
- Typical home value: $688,763
- 1-year price change: +3.3%
- 5-year price change: +29.9%
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19 / 30#12. Scarborough, ME
- Typical home value: $690,403
- 1-year price change: -0.6%
- 5-year price change: +27.8%
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20 / 30#11. Kittery, ME
- Typical home value: $694,412
- 1-year price change: +4.1%
- 5-year price change: +26.8%
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21 / 30#10. Georgetown, ME
- Typical home value: $701,161
- 1-year price change: +8.4%
- 5-year price change: +31.5%
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22 / 30#9. North Yarmouth, ME
- Typical home value: $702,250
- 1-year price change: +3.0%
- 5-year price change: +26.3%
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23 / 30#8. Harpswell, ME
- Typical home value: $728,460
- 1-year price change: +2.8%
- 5-year price change: +24.7%
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24 / 30#7. Cumberland, ME
- Typical home value: $753,732
- 1-year price change: +2.1%
- 5-year price change: +25.6%
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25 / 30#6. York, ME
- Typical home value: $762,316
- 1-year price change: +2.1%
- 5-year price change: +25.6%
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26 / 30#5. Yarmouth, ME
- Typical home value: $768,374
- 1-year price change: +3.5%
- 5-year price change: +25.8%
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27 / 30#4. Cape Elizabeth, ME
- Typical home value: $891,700
- 1-year price change: +2.9%
- 5-year price change: +12.9%
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28 / 30#3. Falmouth, ME
- Typical home value: $897,260
- 1-year price change: +2.8%
- 5-year price change: +31.0%
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29 / 30#2. Ogunquit, ME
- Typical home value: $928,504
- 1-year price change: +3.5%
- 5-year price change: +30.8%
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30 / 30#1. Kennebunkport, ME
- Typical home value: $1,096,520
- 1-year price change: +1.3%
- 5-year price change: +27.9%
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