The housing market in Albion, ME is robust with a median value of $229,200 which is significantly lower than the US House Median Value of $338,100. This provides potential home buyers with more opportunities to buy into this area. The appreciation rate for homes in the last year have been higher than the US average at 16.46%, which indicates a healthy and growing market. Homeowners in Albion, ME can benefit from this trend and enjoy a strong return on their investment.
The median home cost in Albion is $229,200. Home appreciation the last 10 years has been 82.1%. Home Appreciation in Albion is up 20.6%.
Average Age of Homes
- The median age of Albion real estate is 37 years old
The Rental Market in Albion
- Renters make up 14.8% of the Albion population
- 0.0% of houses and apartments in Albion, 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.