Maine
3 comparisons putting Maine’s housing crisis into perspective
Mainers consider the housing crisis to be a bigger problem than any of the others facing our state.
The lack of housing inventory at all income levels, which was caused by historic underproduction and higher migration rates, has sent home prices soaring in recent years. It is harming Maine businesses and shutting many out of the housing market entirely.
Average home values and median home prices increased more in Maine in the last year than they did nationally. Other northeastern states have seen bigger hikes. But other metrics show that the crisis is virtually as bad here than anywhere else nearby, especially when you account for the fact that incomes are lower in Maine than in any other state in the region.
Here are three datapoints putting Maine’s housing crisis into perspective.
Sale prices are growing nearly as fast here as anywhere in New England.
Median home sale prices are growing nearly as fast in Maine as they are in any other northeastern state. Regionally, they’ve increased by anywhere from 5.9 to 11.3 percent in the last year. Maine is riding the middle at 8.2 percent, higher than any New England state besides Rhode Island, according to Redfin.
To purchase the median home for sale in Maine right now, you need an income of just under $112,000 a year, assuming no debts and a $20,000 down payment, according to Zillow’s affordability calculator. The median household income here is a little under $72,000, according to census data. That shows how out of whack the housing economy is for the average person.
Home values in Portland are growing as fast as they are in Boston.
Over the past year, there have been signs that Portland’s red-hot pandemic housing market is slowing down. But that’s all relative. Home values here still grew by 3.8 percent over the past year as of November, which was only slightly below Boston at 4 percent, according to Zillow.
But when stacked up against the other largest cities in each New England state, Portland is second only to Burlington in seeing the lowest increase in home values in the past year. Providence, Rhode Island, has seen the largest hike, followed by Bridgeport, Connecticut.
Both those cities are facing major shortages and price increases, although they are still far cheaper markets to buy in than Portland. The typical home value in Providence is just over $400,000, which is roughly in line with Maine’s statewide average.
Maine’s rental crisis is worse than in this nearby Canadian city.
The southern Quebec city of Sherbrooke — only 40 miles from Maine’s western border — is in the midst of an “unprecedented housing crisis,” according to a local news outlet.
The city had a vacancy rate of only about 1 percent in October and 25 percent of households are spending more than 30 percent of their income on rent. Here in Maine, that latter figure is far worse.
Nearly half of all renters in both Bangor and the Portland-South Portland area are spending at least 30 percent of their income on housing, data from Harvard University found. Roughly 45 percent of renting households in those areas pay over 30 percent of their income on housing, and 24 percent pay more than 50 percent.
As in Sherbrooke, officials here attribute the crisis to a low vacancy rate, a lack of affordable housing supply and the high cost to construct new units. The reasons for the crisis are clear everywhere, but the solutions are coming slowly.
Many Maine municipalities will open cooling centers this week with the National Weather Service issuing a variety of heat advisories covering the next few days.
The Maine DEP also issued an air quality alert for Wednesday with ground-level ozone expected to reach levels that are unhealthy for sensitive groups.
All of York County, interior Cumberland and Androscoggin counties, and the southern half of Oxford County will fall under an extreme heat warning from 11 a.m. Wednesday to 8 p.m. Friday.
The warning calls for “dangerously hot conditions” that could feature heat index values of up to 110 degrees, with overnight lows only expected to fall into the 70s, according to the weather service’s office in Gray.
The rest of the state — save northern Aroostook, Piscataquis and Somerset counties — falls under a heat advisory from 11 a.m. to 8 p.m. on Wednesday. However, the weather service has also placed much of the state under an extreme heat watch for Thursday.
Heat index values, which measure how hot it feels to the human body when relative humidity is combined with the air temperature, are expected to reach up to 104 degrees during the heat advisory period, the weather service warns. They could reach 110 degrees Thursday, when the extreme heat watch is in effect.
Northern Oxford and Franklin counties, and central Somerset County, can expect a heat index value of up to 99 degrees Wednesday, according to the weather service.
The weather service advises people to drink plenty of fluids, stay in air-conditioned rooms when possible, avoid extended periods in the sun and check up on relatives and neighbors. It also warns not to leave young children and pets in unattended vehicles, as “car interiors will reach lethal temperatures in a matter of minutes.”
Cooling Centers
The Maine Department of Environmental Protection has also issued an air quality alert from 10 a.m. to 11 p.m. on Wednesday along the coast from Kittery to Acadia National Park. The agency warns that ground-level ozone concentrations are expected to reach levels that are unhealthy for sensitive groups.
Ozone levels may reach “moderate levels” further inland, according to the Maine DEP, including in all of Androscoggin and Kennebec counties, as well as parts of Cumberland, Knox, Lincoln, Penobscot, Sagadahoc, Waldo, Washington and York counties.
Elevated ozone levels can pose a risk to children, older adults and people suffering from respiratory or heart diseases, according to the Maine DEP. Anyone exerting themselves outdoors may also experience health effects, which could include coughing, shortness of breath, throat irritation and mild chest pain.
Ozone levels were already climbing in southern New England on Tuesday, according to the Maine DEP, and winds are expected to bring those conditions to Maine on Wednesday.
The Maine DEP recommends that vulnerable populations avoid strenuous outdoor activities, keep windows closed, and circulate indoor air with fans or air conditioners. Those with asthma are also advised to keep quick-relief medication handy.
Particle pollution levels are also expected to be moderate across the state on Wednesday due to wildfire smoke, the Maine DEP said in its announcement Tuesday. Wildfires in Colorado, which have claimed the lives of three firefighters, had burned nearly 90,000 acres as of Tuesday, according to the Denver Post.
Maine could face up to $50 million in penalties next year due to errors in its payments for federal food benefits under the Supplemental Nutrition Assistance Program.
Newly released data from the U.S. Department of Agriculture find that Maine’s error rate last year was nearly 11%, the bulk of which were overpayments. That’s in line with the U.S. average. But starting in October of next year, states with error rates above 6% must cover a portion of the SNAP benefits.
Anna Korsen, executive director of Full Plates, Full Potential, said the overpayments aren’t fraud — they’re human error. She said this new cost-shifting policy enacted last year under the Trump administration further complicates the SNAP application process.
“Instead, we could make this program more accessible and more efficient,” Korsen said. “And that would reduce the number of errors and also ensure that Mainers who are eligible for SNAP have access to it.”
She’s urging Congress to delay or reverse the policy under the farm bill that’s currently under consideration.
Maine’s Department of Health and Human Services said it’s taking steps to reduce the error rate, including modernizing its systems and hiring an additional 40 eligibility specialists.
This story appears through a media partnership with Maine Public.
-
West Virginia53 seconds agoSave Women’s Sports Act now the law of the land – WV MetroNews
-
Wyoming8 minutes agoYoung bull moose captured wandering Laramie, relocated by Game and Fish
-
Crypto11 minutes agoWebinar: Crypto and public pensions—risks, rewards, and fiduciary duties
-
Finance16 minutes agoWednesday’s Campaign Round-Up, 7.1.26: Justices help GOP with campaign finance ruling
-
Fitness23 minutes agoI’ve been doing the bird dog exercise instead of planks to improve my core strength – it’s even better for beginners
-
Movie Reviews31 minutes agoNeil’s Movie Reviews
-
World41 minutes agoRussia Approved Secret China Military Training At Top Level: Reuters
-
Science1 hour agoThis Cell Feeds, Grows and Reproduces. And It’s Manmade.
