The housing market in Medford, ME is thriving. The median value of a house in the area is $116,000 - significantly lower than the US median of $338,100. This makes it an attractive option for potential buyers looking to purchase a home. Furthermore, in the past year, the appreciation rate on houses in Medford has been 15.28%, higher than the national average of 8.27%. This indicates that buying a house now could be an excellent investment decision for anyone considering purchasing property in Medford.
The median home cost in Medford is $116,000. Home appreciation the last 10 years has been 79.9%. Home Appreciation in Medford is up 19.0%.
Average Age of Homes
- The median age of Medford real estate is 32 years old
The Rental Market in Medford
- Renters make up 5.0% of the Medford population
- 0.0% of houses and apartments in Medford, 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.