As the capital of Maine, Augusta is a small city with a population of just over 20,000, far from the glamorous affluent images of suburbs near New York or Boston. However, within this city, there are clearly areas that form relatively high price ranges, particularly around the Kennebec River and the historic district.

Notable areas include the Sewall Street Historic District and the Hillcrest neighborhood located across the river, as well as the town of Manchester, just outside the city limits. Although Manchester is administratively separate from Augusta, the two areas share a living space, often being discussed together in the local real estate market.

• Sewall Street Historic District - Dense with 19th-century mansions, median price range $350,000 to $500,000
• Hillcrest - River-view residential area, $300,000 to $400,000
• Manchester (ME) - Suburban homes on large lots, $400,000 to $550,000

The overall median home price in Augusta is estimated to be around $210,000 to $240,000 as of 2025. Compared to the areas mentioned above, this can be nearly a $300,000 difference, but it's important to note that the absolute price level is relatively low compared to the national average.

The historical factor contributing to the relatively high prices in the Sewall Street area is the presence of mansions built by merchants who amassed wealth during the 19th-century lumber industry. Coupled with its proximity to the Kennebec River and the state capitol, as well as well-preserved architectural styles, a premium has formed in this area.

While areas like Camden and Kennebunkport are considered much more expensive coastal resorts compared to Augusta, it's also worth noting that these locations are over an hour's drive away, making them part of a different living environment.

Maine has a relatively low percentage of Korean residents compared to the rest of the U.S., and the number of Korean households settled in the Augusta area is not high. However, local officials report that Maine is occasionally mentioned among Korean families considering relocation after retirement due to its quiet living environment and low cost of living.

If you are looking for a home in Augusta, it would be beneficial to leverage the fact that the absolute price range is low, while also factoring in New England-specific living costs such as winter heating bills and snow removal expenses for a more practical assessment.