Old Town, ME is an example of a community that has been growing steadily in terms of its housing values. The median value of a home in Old Town is currently $198,200, which is significantly lower than the US House Median Value of $338,100. However, the one-year appreciation rate for homes in Old Town is 15.28%, much higher than the US average appreciation rate of 8.27%. This demonstrates that Old Town's housing market has been growing at a faster rate than the national average over the past year and appears to be a good option for long-term investment.
The median home cost in Old Town is $198,200. Home appreciation the last 10 years has been 79.9%. Home Appreciation in Old Town is up 19.0%.
Average Age of Homes
- The median age of Old Town real estate is 56 years old
The Rental Market in Old Town
- Renters make up 37.3% of the Old Town population
- 3.5% of houses and apartments in Old Town, 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.