The housing market in Greenwood, ME is quite impressive, with a median value of $274,000. This is considerably lower than the US median house value of $338,100; however, the 1 year appreciation rate for Greenwood homes is higher than the US average - 14.68% compared to 8.27%. This shows great potential for investing in the Greenwood housing market and suggests that this area is likely to experience further growth.
The median home cost in Greenwood is $274,000. Home appreciation the last 10 years has been 96.2%. Home Appreciation in Greenwood is up 20.0%.
Average Age of Homes
- The median age of Greenwood real estate is 34 years old
The Rental Market in Greenwood
- Renters make up 6.9% of the Greenwood population
- 0.7% of houses and apartments in Greenwood, 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.