According to statistics, the population in Scarborough, ME amounts to 4,876, which shows decline -7% compared to the previous year. The median age of the city’s residents is 43. The average household income is $69,761, shifting growth 4% from the past year, and the average property value in Scarborough, ME decline 1% to $290,000 throughout the year.
|Number Of Employees||2,429|
|Median Property Value||$290,000|
The average household income in Scarborough, ME grew from $66,804 to $69,761 in the past year. This data is an estimate based upon 1,891 households in Scarborough, ME . The chart below presents how household income is distributed in Scarborough, ME in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Scarborough, ME shifted from $288,100 to $290,000 throughout the year. The subsequent graph indicates the share of properties in the given price range in Scarborough, ME in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Scarborough, ME properties falls in the '$300,000 to $399,999' range, which is higher than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Scarborough, ME compared to median property taxes around the country. The prevalent amount of property taxes in Scarborough, ME equals $3000, which is less than the national average.
|Apartment Size||Aug||vs Last Month|
|Studio for sale||$576,000||N/A|
|2 bed for sale||$460,664||-3.4%|
|3 bed for sale||$626,064||+2.4%|
|4+ bed for sale||$977,339||+25.8%|
During Aug 2022, the average price for an apartment in/near Scarborough, ME increased by 12.1% to $753,597.
Asking price for 2-bed apartment also decreased by 3.4% and a place of this size will now cost you $460,664. A 3-bed apartment goes for $626,064, it increased by 2.4% lately. We discerned the rise of 4- and more bed apartment price. It increased by 25.8% and made it up to $977,339.
|Listing Type||Aug||vs Last Month|
|Houses for sale||$846,851||+8.7%|
|Land for sale||$383,500||+140.8%|
|Condos for sale||$703,446||+110%|
|Duplexes for sale||$695,333||+15.9%|
|Townhouses for sale||$467,450||-8.7%|
|Apartments for sale||$421,500||N/A|
While assessing the property pricing Scarborough, ME, you can note that it remains flat with a price tag of $421,500. Price reports demonstrate that house price increased by 8.7% this month making it up to $846,851. Condos are really in demand in this season. The median price for a condo increased by 110%, it’s now available for $703,446. You can now purchase a duplex for just $695,333, duplex price increased by 15.9% this month. The property value of townhouses decreased by 8.7%, you’ll have to spend around $467,450 to get one.