Even Maine’s cheapest town has seen housing prices soar

The BDN is discovering Maine’s housing crisis from every possible angle, from how it affects household prices, to what it means for Mainers across the condition. Read our ongoing coverage in this article and fill out this kind to tell us what you want to know.

Mexico was amid the most inexpensive destinations to are living in Maine in advance of the pandemic, with regular homes valued at $60,000. This calendar year, four properties there bought for far more than $300,000.

Even though the fascinating spots in southern Maine like Cape Elizabeth and Portland have observed the most popular marketplaces during the COVID-19 pandemic, rural communities like Mexico, which is just across the Androscoggin River from the mill town of Rumford, are also observing homes market like they in no way have before.

The common household in Mexico was really worth $59,600, the most affordable for any neighborhood in Maine with 1,000 folks or much more, as of the most a short while ago readily available American Community Study quantities from 2020. Most of the only communities that have been underneath ended up plantations and townships of much less than 100 persons.