Housing in Caribou, ME is quite affordable compared to the US national median value of $338,100. The median value in Caribou is only $146,600, making it an attractive option for people looking for a place to live. Additionally, the house appreciation rate in Caribou over the past year has been 16.46%, which is significantly higher than the 8.27% appreciation rate for houses nationwide. This makes Caribou a great place to invest in real estate, as it provides good returns for those who are looking to buy and own a home there.
The median home cost in Caribou is $146,600. Home appreciation the last 10 years has been 82.1%. Home Appreciation in Caribou is up 20.6%.
Average Age of Homes
- The median age of Caribou real estate is 54 years old
The Rental Market in Caribou
- Renters make up 33.9% of the Caribou population
- 3.5% of houses and apartments in Caribou, 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.