Even Maine’s cheapest town has seen housing prices soar

The BDN is checking out Maine’s housing disaster from each and every probable angle, from how it impacts dwelling selling prices, to what it indicates for Mainers throughout the condition. Go through our ongoing protection below and fill out this type to explain to us what you want to know.

Mexico was between the most economical locations to are living in Maine right before the pandemic, with typical homes valued at $60,000. This calendar year, four residences there marketed for far more than $300,000.

Whilst the desirable spots in southern Maine like Cape Elizabeth and Portland have noticed the most popular markets through the COVID-19 pandemic, rural communities like Mexico, which is just across the Androscoggin River from the mill town of Rumford, are also viewing homes promote like they hardly ever have right before.

The common home in Mexico was worth $59,600, the least expensive for any neighborhood in Maine with 1,000 persons or far more, as of the most recently obtainable American Community Survey figures from 2020. Most of the only communities that were being below were plantations and townships of fewer than 100 people today.