Quick facts: Casco, ME

Quick Facts

106.3
Cost of Living
above US average
3,742
Population
13.36
Crime Rate per 1000
below US average
$72,680
Median Income
below US average
$420,000
Median House Price
above US average
$11721.0
Average Rent
above US average
6%
Poverty Rate
below US average
2.5%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $72,680.

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Income Needed to Buy

βœ— Stretch
$132k/year
Based on $420,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $132k vs median $72,680
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Income Needed to Rent

⚠ Stretch
$502k/year
Based on $11721.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $502k vs median $72,680
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Casco, ME

Casco is a charming town located in Cumberland County, Maine, nestled in the scenic Lakes Region of the state. Known for its picturesque landscapes and natural beauty, Casco offers a serene rural atmosphere. The town is bordered by several pristine lakes, including Sebago Lake and Brandy Pond, making it a popular destination for outdoor enthusiasts. Residents and visitors can enjoy various recreational activities such as boating, fishing, hiking, and swimming during the warmer months. Casco is rich in history, with several historic buildings and sites that reflect its heritage. The town also hosts annual events that foster community spirit, including fairs and local gatherings. With a small population, Casco provides a close-knit community vibe, where neighbors know each other and local businesses thrive. The town’s serene environment is perfect for those looking to escape the hustle and bustle of city life, offering a peaceful retreat while still being within a reasonable drive to larger cities like Portland. Overall, Casco embodies the essence of Maine's natural beauty and community warmth.

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