Why Live in Scarborough
Scarborough, Maine, incorporated in 1658, is a town with a rich history located just 7 miles south of Portland. This proximity to Portland offers residents access to urban amenities while maintaining a rural feel. Scarborough boasts several beautiful beaches, including Higgins Beach, Ferry Beach, Pine Point Beach, and Scarborough Beach State Park. The town is served by Scarborough Public Schools, which are highly rated, including Wentworth School, Scarborough Middle School, and Scarborough High School. Housing options in Scarborough range from new developments to historic farmhouses, with styles including Colonial Revivals, split levels, traditional homes, ranch-style dwellings, townhouses, and condominiums. The town features a mix of chain and local restaurants along Route 1, such as El Rayo Scarborough and Bite into Maine, with additional dining options in Pine Point and the seasonal Black Point Inn. Scarborough Land Trust oversees numerous trails and outdoor spots, including the Eastern Trail and a large salt marsh ideal for fishing, canoeing, paddleboarding, and bird watching. Memorial Park offers sports facilities, walking paths, and hosts free summer concerts and annual events like Summerfest and Santa in the Park. Scarborough has a lower crime rate compared to the national average, making it a safer community for residents.
Frequently Asked Questions
What is the average home price in Scarborough, ME?
Homes for sale in Scarborough, ME have an average home price of $703,740.
Are home prices dropping in Scarborough?
Yes, home prices in Scarborough are down 40% in the last 12 months.
How many homes have sold over the last 12 months in Scarborough, ME?
270 homes have sold in Scarborough, ME over the last 12 months.
Is Scarborough, ME a safe city?
What are the most popular zip codes in Scarborough, ME?
What are the most popular neighborhoods in Scarborough, ME?
How much do you need to make to afford a house in Scarborough?
The median home price in Scarborough is $630,000. If you put a 20% down payment of $126,000 and had a 30-year fixed mortgage with an interest rate of 6.74%, your estimated principal and interest payment would be $3,270 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $140K a year to afford the median home price in Scarborough.
How are the schools in Scarborough, ME?
Home Trends in Scarborough, ME
On average, homes in Scarborough, ME sell after 17 days on the market compared to the national average of 69 days. The median sale price for homes in Scarborough, ME over the last 12 months is $625,000, down 34% from the median home sale price over the previous 12 months.
Median Sale Price
$625,000
Median Single Family Sale Price
$649,000
Median 2 Bedroom Sale Price
$546,000
Median 1 Bedroom Sale Price
$410,000
Average Price Per Sq Ft
$396
Number of Homes for Sale
12
Last 12 months Home Sales
270
Median List Price
$630,000
Median Change From 1st List Price
-1%
Median Home Sale Price YoY Change
-34%