Quick facts: Readfield, ME

Quick Facts

106.3
Cost of Living
above US average
2,561
Population
5.86
Crime Rate per 1000
below US average
$69,500
Median Income
below US average
$474,000
Median House Price
above US average
$1922
Average Rent
above US average
8%
Poverty Rate
below US average
1.9%
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 $69,500.

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Income Needed to Buy

βœ— Stretch
$149k/year
Based on $474,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $149k vs median $69,500
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Income Needed to Rent

⚠ Stretch
$82k/year
Based on $1922/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $82k vs median $69,500
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Readfield, ME

Readfield is a charming town located in Kennebec County, Maine. Nestled in the picturesque landscape of central Maine, Readfield is known for its small-town charm and welcoming community atmosphere. The town covers an area of approximately 36 square miles and showcases beautiful natural scenery, including lakes, forests, and rolling hills. One of the key features of Readfield is its proximity to Maranacook Lake, which offers recreational opportunities such as fishing, boating, and swimming. The town also has several walking and biking trails, making it perfect for outdoor enthusiasts. Readfield is home to a number of historic buildings and offers a glimpse into Maine’s past through its quaint architecture. The population is relatively small, providing a close-knit community feel. Residents take pride in local events and activities that foster community spirit. Readfield is also part of a larger school district that offers quality education to its students. With its stunning natural beauty and friendly community, Readfield is an ideal location for those looking to experience the tranquility of rural Maine.

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