The housing market in Andover, ME is booming. The median value of a house in the area is $142,300, which is significantly lower than the US median of $338,100. However, the appreciation rate for house prices over the past year is 14.68%, nearly double the national average of 8.27%. This indicates that home values are rising rapidly in Andover, ME and could be an attractive option for buyers looking to invest in real estate.
The median home cost in Andover is $142,300. Home appreciation the last 10 years has been 96.2%. Home Appreciation in Andover is up 20.0%.
Average Age of Homes
- The median age of Andover real estate is 41 years old
The Rental Market in Andover
- Renters make up 3.4% of the Andover population
- 0.0% of houses and apartments in Andover, 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.