The housing market in Mechanic Falls, ME is thriving. The median value of houses in Mechanic Falls is $233,500, which is lower than the US House Median Value of $338,100. Furthermore, the 1 year appreciation rate for houses in Mechanic Falls is 14.68%, a number that significantly exceeds the US 1 year House Appreciation rate of 8.27%. This signifies an incredibly strong real estate market and speaks to the desirability of living in Mechanic Falls.
The median home cost in Mechanic Falls is $233,500. Home appreciation the last 10 years has been 96.2%. Home Appreciation in Mechanic Falls is up 20.0%.
Average Age of Homes
- The median age of Mechanic Falls real estate is 45 years old
The Rental Market in Mechanic Falls
- Renters make up 26.7% of the Mechanic Falls population
- 0.0% of houses and apartments in Mechanic Falls, 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.