Real Estate
Cape Elizabeth, Maine (ME)
Cape Elizabeth Maine was named by the famous explorer John Smith for the English royal, Princess Elizabeth. Located in Cumberland County, Cape Elizabeth is the state's most affluent municipality. It also boasts higher than average standardized test scores and desirable teacher/student ratios in the public schools.
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| Population 9,068 | Median Age 43.1 yrs | Household Size: 2.57 |
| Avg Commute: 18.8 min | Avg Income $72,359 | Avg Home Value: $184,600 |
Welcome to Maine Real Estate
Residents of this New England state are technically termed Mainers, although they have been called "Mainiacs" by some. Maine became the 23rd state during 1820, and is today the nation's leading producer of blueberries, toothpicks, and lobsters, along with the home of the 800,000 acre White Mountain National Forest. Maine also offers its residents an exceptionally low crime rate; on an index where 100 represents the national average Maine's crime score is a low 66.
Maine's northern location ensures that the state is quite cool for most of the year, getting up only as high as 78 degrees during summer and dropping as low as 6 degrees during winter. Residents are able to enjoy snowshoeing and sledding all winter long.
Maine, like the rest of the nation, is growing and home value is appreciating. Currently, homes in Maine are quite affordable and can be purchased as cheaply as $50,000, although the average home is priced nearer $100,000.
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| Auburn | Bowdoinham | Camden |
| Cape Elizabeth | Maine | Ogunquit |
| Old Orchard Beach | Portland | Richmond |
| Rockport | South Portland | Wells |
Home Values in Maine
Doing your research on home values in Maine may be the factor that determines whether your home sells right away, or stays on the market for months. It’s important to charge the right price to begin with, based not only on the evaluation, but on the current market and the demand for homes in Maine. Continue reading, and we’ll help you get through your home’s sale with the minimum in stress.
A REALTOR® is a real estate professional who is a member of the National Association of REALTORS®