New Gloucester, ME has a median housing value of $378,300, which is significantly higher than the US House Median Value of $338,100. This difference is even more pronounced when looking at the 1 year House Appreciation rate, where New Gloucester's appreciation rate is 14.68%, much higher than the US average of 8.27%. This indicates that housing values in New Gloucester are growing faster than in other parts of the country, making it an attractive option for potential homebuyers who want to see their investments increase quickly.
The median home cost in New Gloucester is $378,300. Home appreciation the last 10 years has been 96.2%. Home Appreciation in New Gloucester is up 20.0%.
Average Age of Homes
- The median age of New Gloucester real estate is 28 years old
The Rental Market in New Gloucester
- Renters make up 14.6% of the New Gloucester population
- 0.0% of houses and apartments in New Gloucester, 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.