The housing market in Hammond, ME is booming. The median value of a house in the area is $151,400, which is well under the US median value of $338,100. However, the 1 year house appreciation rate in Hammond is 16.46%, well above the US average of 8.27%, indicating that there has been strong growth in the area's real estate market. With such an increase in home prices, it's no surprise that so many people are looking to purchase property in Hammond.
The median home cost in Hammond is $151,400. Home appreciation the last 10 years has been 82.1%. Home Appreciation in Hammond is up 20.6%.
Average Age of Homes
- The median age of Hammond real estate is 35 years old
The Rental Market in Hammond
- Renters make up 5.0% of the Hammond population
- 0.0% of houses and apartments in Hammond, 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.