Maine's Most Affordable Towns for First-Time Homebuyers

The low inventory of the Maine real estate market continues. Sadly, a lot of first-time homebuyers have given up on the possibility of getting themselves into their own home at this time, but this article might encourage you to get back in the game so you can start building some equity.

These towns often have some pretty sweet deals for first-time homebuyers. Here are a few towns in central and southern Maine where you might be able to get yourself into a home.

Lewiston
Often overshadowed by Portland, Lewiston offers a surprisingly-affordable housing market in a smaller city. The average home price here is significantly lower than in Portland, giving you more bang for your buck.

: Ray Tan

Bangor
Known for its arts scene and historic charm, Bangor is a great spot for first-time buyers looking for affordability and a bit of flair. With an average home price that's often easy on the wallet, Bangor could be a great option if you want a mix of urban and suburban life.

: epantha

Augusta
Maine's capital, Augusta, provides budget-friendly housing options along with the perks of city living. With a lower average home price and easy access to state government jobs, it's a solid choice for anyone looking to buy a home in a central location.

: SeanPavonePhoto

Sanford

This town is a bit off-the-beaten-path, but worth considering. Sanford offers a range of affordable homes, making it ideal for first-time buyers looking to build some equity without breaking the bank.

The cost of living, smaller-market competition, and local incentives and programs are also some factors that help make some of these cities a more affordable option. As a realtor, I always tell my clients to research the towns and neighborhoods before purchasing a home to make sure that it’s the right place for them.