Quick facts: Pownal, ME

Quick Facts

106.3
Cost of Living
above US average
1,548
Population
3.23
Crime Rate per 1000
below US average
$75,000
Median Income
below US average
$599,000
Median House Price
above US average
$2200.0
Average Rent
above US average
6%
Poverty Rate
below US average
2.1%
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 $75,000.

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Income Needed to Buy

βœ— Stretch
$188k/year
Based on $599,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $188k vs median $75,000
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Income Needed to Rent

⚠ Stretch
$94k/year
Based on $2200.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $94k vs median $75,000
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Pownal, ME

Pownal is a charming town located in Cumberland County, Maine. Nestled within a picturesque rural setting, it is known for its beautiful landscapes and small-town atmosphere. The town covers approximately 18.6 square miles and is primarily residential, making it a peaceful place for families and individuals alike. Pownal boasts a close-knit community with a population of around 1,000 residents, fostering a friendly environment where neighbors often engage in local events and activities. The area is characterized by rolling hills, lush forests, and scenic farmland, offering plenty of opportunities for outdoor recreation, including hiking, fishing, and nature walks. The town is home to several quaint historical sites and features a rich heritage dating back to the early 19th century. Pownal is served by a few local businesses including restaurants and shops, while larger amenities and services are just a short drive away in nearby Freeport and Brunswick. Overall, Pownal offers a serene lifestyle with access to nature, a sense of community, and proximity to larger urban centers, making it an attractive location for those seeking tranquility in Maine.

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