Quick facts: Lisbon falls, ME

Quick Facts

106.3
Cost of Living
above US average
4,177
Population
17.96
Crime Rate per 1000
below US average
$69,013
Median Income
below US average
$499,900
Median House Price
above US average
$1656.67
Average Rent
above US average
5%
Poverty Rate
below US average
3.5%
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 $69,013.

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Income Needed to Buy

βœ— Stretch
$157k/year
Based on $499,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $157k vs median $69,013
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Income Needed to Rent

⚠ Stretch
$71k/year
Based on $1656.67/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $71k vs median $69,013
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Lisbon falls, ME

Lisbon Falls is a charming village located within the town of Lisbon in Androscoggin County, Maine. Nestled along the banks of the Androscoggin River, this quaint community showcases the natural beauty of New England with its picturesque landscapes and recreational opportunities. With a rich history, Lisbon Falls was once a thriving mill town, reflecting its industrial past through historic architecture and sites. The village is known for its small-town atmosphere, making it an inviting place for families and individuals alike. Residents enjoy a sense of community, with local events and activities that foster connections among neighbors. Outdoor enthusiasts can take advantage of nearby parks and trails, offering opportunities for hiking, fishing, and enjoying Maine's scenic beauty. Lisbon Falls also provides convenient access to larger nearby cities like Lewiston and Auburn, which offer additional amenities, shopping, and services. The village features a mix of local businesses, restaurants, and essential services, ensuring that residents have what they need close to home. Overall, Lisbon Falls embodies the charm and community spirit of rural Maine while being well-connected to the broader region.

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