Foreclosure Homes in Cape Elizabeth, ME

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View this home at Pleasant Ave Cape Elizabeth ME 04107
$438,685 EMV

| 0 Sq. Ft.

View this home at Murray Dr Cape Elizabeth ME 04107
$527,059 EMV
View this home at Oakhurst Rd Cape Elizabeth ME 04107
$675,702 EMV
View this home at Trundy Rd Cape Elizabeth ME 04107
$1,036,224 EMV
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Home Value Estimator For Cape Elizabeth, ME

There are currently 199 real estate properties in Cape Elizabeth, ME, with a median automated valuation model (AVM) price of $775,000.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Cape Elizabeth, ME, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Cape Elizabeth, ME, is $1,181,657.00, with the most expensive house in Cape Elizabeth, ME, topping out at $8,490,200.00 and the cheapest home in Cape Elizabeth, ME, clocking in at $298,000.00. In other words, there’s something for every potential homebuyer or savvy investor in Cape Elizabeth, ME!

Rent Prices In Cape Elizabeth, ME

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Cape Elizabeth, ME, is on a rollercoaster ride. The average rent price in Cape Elizabeth, ME, is $2,317.00. Indeed, when looking to rent in Cape Elizabeth, ME, you can expect to pay as little as $1,380.00 or as much as $3,780.00, with the average rent median estimated to be $2,250.00. The good news is that finding an affordable and desirable property to rent in Cape Elizabeth, ME -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Foreclosure Homes in Cape Elizabeth, ME

Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Cape Elizabeth, ME area at Get information on foreclosure homes for rent, how to buy foreclosures in Cape Elizabeth, ME and much more. Save thousands at closing with home foreclosure listings in Cape Elizabeth, ME — up to 75% off market value!

Top Reasons To Live In Cape Elizabeth, ME In 2023

Cape Elizabeth is located in Cumberland, Maine, with an estimated municipal population of 9,275 residents. All of the best foreclosed homes for sale in Cape Elizabeth are located in the following zip code areas on 04107. The estimated population per square kilometer (.62 miles) in Cape Elizabeth is 243.

Cost Of Living In Cape Elizabeth, ME

So, about how much do homes cost in Cape Elizabeth? The most recent median value of resident-owned homes in Cape Elizabeth is 435,759. An estimated 88.7 percent of households in Cape Elizabeth own their homes, with an average family size of 2.97. The median household income in Cape Elizabeth is 123,116, with57.9 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Cape Elizabeth, the median commute time of resident workers (in minutes) is 24.1. And last, but certainly not least, are you looking for homes to rent in Cape Elizabeth? If so, the average rent price paid by renters in Cape Elizabeth is 1,199, according to recent statistics.

Diversity And Demographics In Cape Elizabeth, Maine

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Cape Elizabeth, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Cape Elizabeth is 49.8, split between 47.4 percent male versus 52.6 female. The percentage of residents who report being married in Cape Elizabeth is 64.5, with an average family size of 2.97.

The percentage of residents who report their race in Cape Elizabeth is as follows:

White 96.9%
Black / African American 0%
Asian 1.3%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 1.7%
Other 0%

Looking for family-friendly neighborhoods in and/or near Cape Elizabeth? Or maybe you are searching for 55+ active adult communities in and/or near Cape Elizabeth?

The percentage of residents who report their age in Cape Elizabeth is as follows:

Under 10 10.6%
Aged 10-19 12.4%
20s 6.7%
30s 8.5%
40s 11.8%
50s 17.4%
60s 18.7%
70s 8.5%
80+ 5.1%

Best Schools In Cape Elizabeth, Maine

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Cape Elizabeth with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Cape Elizabeth.

Pros And Cons Of Living In Cape Elizabeth, Maine

How do you know that living in -- or moving to -- Cape Elizabeth is right where you need to be? Perhaps you grew up in Cape Elizabeth or already live nearby; therefore, the decision to buy a home in Cape Elizabeth is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Cape Elizabeth for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Cape Elizabeth:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Cape Elizabeth.

Reasons To Move To Cape Elizabeth, Maine, In 2023

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Cape Elizabeth can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Cape Elizabeth, meanwhile, can field multiple offers from more qualified buyers.

Cape Elizabeth, ME Foreclosures


Listing types in Cape Elizabeth, ME

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