Why Live in Scarborough
Scarborough, located just 7 miles south of Portland, offers a blend of rural charm and coastal living with its proximity to the ocean and several sandy beaches, including Higgins Beach, Ferry Beach, and Pine Point Beach. The town is known for its low crime rate, being safer than the national average. Scarborough Public Schools are highly rated, with institutions like Wentworth School, Scarborough Middle School, and Scarborough High School receiving commendable ratings. The neighborhood features a mix of housing styles, from newer constructions to historic farmhouses, Colonial Revivals, split levels, traditional homes, and ranch-style dwellings. Oak Hill serves as the town's central hub, with Route 1 lined with a variety of dining options, including local favorites like El Rayo Scarborough and Bite into Maine. For things to do, residents can explore the Scarborough Land Trust trails, including the popular Eastern Trail, or enjoy outdoor activities at Memorial Park, which offers soccer fields, tennis courts, a walking path, and a skate park. The town also hosts several community events, such as the summer concert series and Summerfest, as well as winter festivities like Santa in the Park.
Frequently Asked Questions
What is the average home price in Scarborough, ME?
Homes for sale in Scarborough, ME have an average home price of $891,787.
How many homes have sold over the last 12 months in Scarborough, ME?
297 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 $725,000. If you put a 20% down payment of $145,000 and had a 30-year fixed mortgage with an interest rate of 6.77%, your estimated principal and interest payment would be $3,770 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $162K 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 22 days on the market compared to the national average of 50 days. The median sale price for homes in Scarborough, ME over the last 12 months is $739,000, up 12% from the median home sale price over the previous 12 months.
Median Sale Price
$739,000
Median Single Family Sale Price
$789,900
Median 2 Bedroom Sale Price
$432,500
Median 1 Bedroom Sale Price
$399,000
Average Price Per Sq Ft
$428
Number of Homes for Sale
52
Last 12 months Home Sales
297
Median List Price
$725,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
12%