Home prices
The cost of the median home in Scarborough is $295,800. Compared to its surrounding areas it is approximately $44,200 (17%) higher.In comparison to the United States as a whole it is about $78,300 (36%) higher, and it is roughly $68,200 (29%) higher in comparison to the city of Manchester.
Rents
Scarborough's median monthly rent is $1,125. It is approximately $16 (1%) higher in comparison to its nearby areas.It is approximately $63 (5%) higher in comparison to the entire country, and it is is very similar in comparison to the city of Manchester.
Nearby places
South Portland
South Portland is approximately 2 miles northeast of Scarborough. The real estate prices there are a bit less expensive. The median home in South Portland costs $257,200, which works out to $38,600 (15%) lower than Scarborough. Its rents are a bit more expensive. South Portland's median rent is $1,305 a month, which is $180 (13%) higher than Scarborough.
Old Orchard Beach
Old Orchard Beach is roughly 5 miles southwest from Scarborough. Real estate prices there are significantly less expensive. Old Orchard Beach's median home cost is $220,000, which is $75,800 (34%) lower than Scarborough. Its rents are a little less expensive. The median monthly rent in Old Orchard Beach is $915, which is $210 (22%) lower than Scarborough.
Portland
Portland is roughly 5 miles northeast of Scarborough. Its real estate prices are similar. The median home in Portland is valued at $289,000, which comes out to $6,800 (2%) lower than Scarborough. Rent there is similar. The median monthly rent in Portland is $1,124, which is very similar to Scarborough.
Westbrook
Westbrook is approximately 6 miles north of Scarborough. Real estate prices there are somewhat less expensive. Westbrook's median home price is $232,900, which works out to $62,900 (27%) lower than Scarborough. Rents there are somewhat less expensive. In Westbrook the median monthly rent is $1,030, which is $95 (9%) lower than Scarborough.
Saco
Saco is about 6 miles southwest of Scarborough. The real estate prices there are somewhat less expensive. The median home price in Saco is $258,900, which is $36,900 (14%) lower than Scarborough. Its rents are pretty similar. The median monthly rent in Saco is $1,173, which works out to $48 (4%) higher than Scarborough.
