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1 / 30#30. Raymond, ME
- Typical home value: $514,595
- 1-year price change: -0.4%
- 5-year price change: +19.3%
Cities with the most expensive homes in the Portland, Maine metro area
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, affordability plays a huge role for buyers.
The typical home value in the United States was $372,057 in June, 1.1% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of July 16, the 30-year fixed mortgage rate sits at 6.55%.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.
Stacker compiled a list of cities with the most expensive homes in the Portland, Maine metro area using data from Zillow. Charts show the monthly typical home value since January 2018. Data was available for 65 cities and towns.
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2 / 30#29. Old Orchard Beach, ME
- Typical home value: $517,558
- 1-year price change: +1.6%
- 5-year price change: +37.7%
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3 / 30#28. Biddeford, ME
- Typical home value: $520,252
- 1-year price change: +0.2%
- 5-year price change: +35.4%
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4 / 30#27. Saco, ME
- Typical home value: $533,454
- 1-year price change: +0.8%
- 5-year price change: +32.8%
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5 / 30#26. Gray, ME
- Typical home value: $533,879
- 1-year price change: +6.0%
- 5-year price change: +36.1%
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6 / 30#25. South Berwick, ME
- Typical home value: $535,378
- 1-year price change: +2.4%
- 5-year price change: +30.9%
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7 / 30#24. South Portland, ME
- Typical home value: $540,160
- 1-year price change: +2.5%
- 5-year price change: +29.6%
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8 / 30#23. Arundel, ME
- Typical home value: $546,898
- 1-year price change: -0.2%
- 5-year price change: +24.1%
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9 / 30#22. West Bath, ME
- Typical home value: $548,828
- 1-year price change: -0.1%
- 5-year price change: +40.8%
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10 / 30#21. Gorham, ME
- Typical home value: $555,272
- 1-year price change: +0.2%
- 5-year price change: +30.8%
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11 / 30#20. Portland, ME
- Typical home value: $571,364
- 1-year price change: -0.9%
- 5-year price change: +29.4%
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12 / 30#19. Wells, ME
- Typical home value: $594,818
- 1-year price change: +2.0%
- 5-year price change: +38.0%
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13 / 30#18. Pownal, ME
- Typical home value: $598,428
- 1-year price change: +2.3%
- 5-year price change: +20.6%
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14 / 30#17. Eliot, ME
- Typical home value: $623,355
- 1-year price change: +0.6%
- 5-year price change: +22.9%
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15 / 30#16. Kennebunk, ME
- Typical home value: $632,892
- 1-year price change: +1.5%
- 5-year price change: +31.0%
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16 / 30#15. Chebeague Island, ME
- Typical home value: $666,975
- 1-year price change: -1.8%
- 5-year price change: +26.9%
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17 / 30#14. Long Island, ME
- Typical home value: $669,322
- 1-year price change: +0.9%
- 5-year price change: +3.4%
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18 / 30#13. Kittery, ME
- Typical home value: $701,080
- 1-year price change: +3.8%
- 5-year price change: +30.6%
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19 / 30#12. Freeport, ME
- Typical home value: $702,219
- 1-year price change: +2.7%
- 5-year price change: +33.5%
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20 / 30#11. Scarborough, ME
- Typical home value: $705,594
- 1-year price change: -1.1%
- 5-year price change: +30.5%
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21 / 30#10. North Yarmouth, ME
- Typical home value: $710,270
- 1-year price change: +1.9%
- 5-year price change: +28.5%
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22 / 30#9. Georgetown, ME
- Typical home value: $712,754
- 1-year price change: +7.1%
- 5-year price change: +39.3%
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23 / 30#8. Harpswell, ME
- Typical home value: $739,611
- 1-year price change: +1.8%
- 5-year price change: +28.7%
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24 / 30#7. Cumberland, ME
- Typical home value: $761,957
- 1-year price change: +0.3%
- 5-year price change: +28.4%
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25 / 30#6. Yarmouth, ME
- Typical home value: $780,129
- 1-year price change: +1.8%
- 5-year price change: +29.7%
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26 / 30#5. York, ME
- Typical home value: $783,009
- 1-year price change: +1.8%
- 5-year price change: +29.7%
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27 / 30#4. Cape Elizabeth, ME
- Typical home value: $911,314
- 1-year price change: +2.1%
- 5-year price change: +15.6%
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28 / 30#3. Falmouth, ME
- Typical home value: $917,980
- 1-year price change: +2.3%
- 5-year price change: +33.9%
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29 / 30#2. Ogunquit, ME
- Typical home value: $941,170
- 1-year price change: +1.4%
- 5-year price change: +34.3%
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30 / 30#1. Kennebunkport, ME
- Typical home value: $1,122,864
- 1-year price change: +0.7%
- 5-year price change: +31.5%
