The housing market in Scarborough, ME has experienced strong growth in recent years. The median value of homes in the area is $562,900, which compares to the US house median value of $338,100. This is an increase of 12.25% from the previous year which is significantly higher than the national average of 8.27%. With these promising figures and continued investment opportunities, it is clear that the housing market in Scarborough, ME is thriving.
The median home cost in Scarborough is $562,900. Home appreciation the last 10 years has been 96.0%. Home Appreciation in Scarborough is up 16.2%.
Average Age of Homes
- The median age of Scarborough real estate is 33 years old
The Rental Market in Scarborough
- Renters make up 20.8% of the Scarborough population
- 2.0% of houses and apartments in Scarborough, 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.