Belfast, Maine is an ideal city for those looking for a place to call home. The median value of house in the city is $321,700, compared to the US median of $338,100. In addition, house appreciation in Belfast over the last year has been 16.46%, higher than the national average of 8.27%. This makes it a great place to invest in real estate as values are likely to continue to rise. The combination of affordable prices and strong appreciation make Belfast an attractive option for potential homebuyers.
The median home cost in Belfast is $321,700. Home appreciation the last 10 years has been 82.1%. Home Appreciation in Belfast is up 20.6%.
Average Age of Homes
- The median age of Belfast real estate is 42 years old
The Rental Market in Belfast
- Renters make up 33.5% of the Belfast population
- 0.9% of houses and apartments in Belfast, 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.