Similar to other places in this area, it's a little more expensive compared to the rest of the nation. However compared to the city of Boston, it is substantially less expensive.
Home prices
Saco's median home cost is $258,900. In comparison to its nearby areas this is roughly $2,700 (1%) higher.Compared to the entire nation it is approximately $41,400 (19%) higher, and is about $273,800 (51%) lower compared to the city of Boston.
Rents
Saco's median rent is $1,173 per month. It is roughly $116 (11%) higher compared to its nearby areas.Compared to the US as a whole it is approximately $111 (10%) higher, and in comparison to the city of Boston it is approximately $447 (27%) lower.
Nearby places
Old Orchard Beach
Old Orchard Beach is Saco's neighbor to the east. Its real estate prices are a bit less expensive. The median home in Old Orchard Beach is valued at $220,000, which works out to $38,900 (17%) lower than Saco. Rents there are somewhat less expensive. In Old Orchard Beach the median rent is $915 per month, which is $258 (28%) lower than Saco.
Biddeford
Biddeford is Saco's neighbor to the south. Its real estate prices are a bit less expensive. The cost of the median home in Biddeford is $245,900, which works out to $13,000 (5%) lower than Saco. Rents there are a little less expensive. The median rent in Biddeford is $929 a month, which is $244 (26%) lower than Saco.
Scarborough
Scarborough is approximately 6 miles northeast from Saco. Its housing prices are a bit more expensive. The median home cost in Scarborough is $295,800, which works out to $36,900 (12%) higher than Saco. Rents there are similar. In Scarborough the median monthly rent is $1,125, which is $48 (4%) lower than Saco.
Gorham
Gorham is roughly 9 miles north of Saco. Its housing prices are similar. The median home value in Gorham is $262,100, which is $3,200 (1%) higher than Saco. Its rents are somewhat less expensive. Gorham's median monthly rent is $1,009, which comes out to $164 (16%) lower than Saco.
South Portland
South Portland is roughly 9 miles northeast from Saco. Its housing prices are similar. The median home in South Portland is valued at $257,200, which is very similar to Saco. Rents there are somewhat more expensive. In South Portland the median monthly rent is $1,305, which comes out to $132 (10%) higher than Saco.
