New Portland, ME is a great place to live, with a median home value of $168,300. This is significantly lower than the US median house value of $338,100, making it a great option for those looking for an affordable place to buy a home. The US 1 year house appreciation rate is 8.27%, while the 1 year appreciation rate in New Portland, ME is 16.46%. This means that housing values in New Portland are increasing at a much faster rate than the national average. With its relatively low cost of living and high appreciation rates, New Portland makes an excellent choice for those looking to purchase a home.
The median home cost in New Portland is $168,300. Home appreciation the last 10 years has been 82.1%. Home Appreciation in New Portland is up 20.6%.
Average Age of Homes
- The median age of New Portland real estate is 36 years old
The Rental Market in New Portland
- Renters make up 6.1% of the New Portland population
- 0.5% of houses and apartments in New Portland, 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.