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Housing Affordability in Waterville, ME
Households that spend 30% or more of income on housing, rent and owner costs compared with income. American Community Survey 2020-2024 5-year estimates.
- Households paying 30%+ for housing
- 31.6%
- Maine 28.3%
- Renters paying 30%+
- 50.5%
- Maine 48.4%
- Homeowners paying 30%+
- 13.3%
- Maine 21.9%
- Owner costs with a mortgage
- $1,371/mo
- Maine $1,729/mo
Housing costs compared with income
- Renters paying 30% or more1,60550.5%
- Homeowners paying 30% or more43613.3%
- Renters paying 50% or more78224.6%
- Median rent as a share of income: 30.4%
- Median owner costs as a share of income, with a mortgage: 17.1%
- Median owner costs without a mortgage: $623/mo
- Median home value divided by median household income: 3.4
How it compares
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| Area | Households paying 30%+ for housing | Renters 30%+ | Owners 30%+ | Median rent as % of income |
|---|---|---|---|---|
| Waterville, ME | 31.6% | 50.5% | 13.3% | 30.4% |
| Kennebec County | 26.6% | 48.8% | 19.4% | 29.6% |
| Maine | 28.3% | 48.4% | 21.9% | 29.4% |
| United States | 32.2% | 51.1% | 22.7% | 30.6% |
Frequently asked questions
- What is the housing cost burden in Waterville, ME?
- In Waterville, ME, 31.6% of households spend 30% or more of their income on housing costs.
- How does Waterville compare with Maine?
- The households paying 30%+ for housing in Waterville is 31.6%, compared with 28.3% for Maine as a whole.
Source: U.S. Census Bureau, American Community Survey · 2020-2024 5-year estimates