Housing costs in Wells?
A typical home costs
$472,700, which is 39.8% more expensive than the national average of
$338,100 and 41.5% more expensive than the average Maine home, at
$334,000. Renting a two-bedroom unit in Wells costs
$1,340 per month, which is 6.3% cheaper than the national average of
$1,430 and 6.7% more than the state average of
$1,250.
Can I afford Wells?
To live comfortably in Wells (zip 04090), Maine, a minimum annual income of
$90,720 for a family, and
$42,400 for a single person is recommended.
What does A.I. say about Wells?
Wells, ME (04090) is a small town in southern Maine offering affordable living. The cost of living in Wells is lower than the national average, and housing prices are particularly low. Real estate values have remained stable for several years, making it an ideal place to buy a home. The median home value in Wells is $295,000, which is 12% lower than the state average of $335,000. Utilities and other basic services are also reasonably priced in Wells. In addition to being affordable, Wells offers many amenities including parks, trails, beaches and restaurants. All of these factors make Wells an attractive option for residents looking for a comfortable lifestyle without breaking the bank.