The housing in Bar Harbor, ME is significantly more expensive than the national median value of $338,100. The median value of a house in Bar Harbor is currently $606,900 which is almost double the national average. Furthermore, the appreciation rate of these homes has been growing much faster than the national average in the past year, with 16.46% growth compared to 8.27% nationally. This strong appreciation rate makes Bar Harbor an attractive market for potential home buyers and investors alike.
The median home cost in Bar Harbor is $606,900. Home appreciation the last 10 years has been 82.1%. Home Appreciation in Bar Harbor is up 20.6%.
Average Age of Homes
- The median age of Bar Harbor real estate is 38 years old
The Rental Market in Bar Harbor
- Renters make up 26.1% of the Bar Harbor population
- 1.9% of houses and apartments in Bar Harbor, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.