The housing market in Farmingdale, ME is an attractive investment opportunity due to its 16.46% one-year house appreciation rate, which is well above the US national average of 8.27%. The median value of houses in Farmingdale is at $258,800, a significant difference from the US median value of $338,100. People looking for a home or investments in the area are likely to be highly satisfied with their purchase as the appreciation rate suggests that values are likely to continue increasing even more.
The median home cost in Farmingdale is $258,800. Home appreciation the last 10 years has been 82.1%. Home Appreciation in Farmingdale is up 20.6%.
Average Age of Homes
- The median age of Farmingdale real estate is 39 years old
The Rental Market in Farmingdale
- Renters make up 29.2% of the Farmingdale population
- 0.0% of houses and apartments in Farmingdale, 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.