The housing market in Byron, ME is looking strong with a median value of $201,800. This is considerably lower than the US median value of $338,100 and reflects the generally lower cost of living in Maine compared to other areas of the country. However, house appreciation in Byron over the past year has been very robust at 14.68%. This significantly outpaces the national appreciation rate of 8.27%, indicating that Byron's housing market is particularly healthy right now and could be a great option for those seeking to purchase or invest in real estate.
The median home cost in Byron is $201,800. Home appreciation the last 10 years has been 96.2%. Home Appreciation in Byron is up 20.0%.
Average Age of Homes
- The median age of Byron real estate is 40 years old
The Rental Market in Byron
- Renters make up 4.2% of the Byron population
- 1.6% of houses and apartments in Byron, 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.