The housing market in Damariscotta, ME is looking very promising for potential buyers and investors. The median value of a home in the city is currently at $388,300, which is significantly higher than the national average of $338,100. Moreover, house appreciation in Damariscotta has been much higher than nationally; with 1-year appreciation at 16.46%, compared to 8.27% across the United States. This makes Damariscotta an attractive place to invest in real estate and buy a home.
The median home cost in Damariscotta is $388,300. Home appreciation the last 10 years has been 82.1%. Home Appreciation in Damariscotta is up 20.6%.
Average Age of Homes
- The median age of Damariscotta real estate is 41 years old
The Rental Market in Damariscotta
- Renters make up 23.9% of the Damariscotta population
- 0.0% of houses and apartments in Damariscotta, 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.