Cape Neddick, ME is a great place to invest in real estate. The median value of housing is $541,100 which is significantly higher than the US house median value of $338,100. Furthermore, the US 1 year house appreciation rate is 8.27%, but in Cape Neddick the rate is even higher at 8.52%. Investing in housing here would be a wise decision as it will likely appreciate quickly and generate a good return on investment for years to come.
The median home cost in Cape Neddick is $541,100. Home appreciation the last 10 years has been 91.7%. Home Appreciation in Cape Neddick is up 18.1%.
Average Age of Homes
- The median age of Cape Neddick real estate is 54 years old
The Rental Market in Cape Neddick
- Renters make up 6.0% of the Cape Neddick population
- 0.6% of houses and apartments in Cape Neddick, 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.