The housing in Phippsburg, ME is quite expensive compared to the median US house value. The median value of a home in Phippsburg, ME is $418,100 which is significantly higher than the US median house value of $338,100. Furthermore, homes in Phippsburg, ME have also appreciated much more than the national average. The US has seen a 1 year house appreciation rate of 8.27%, while Phippsburg's rate was 16.46%. The area's high house values and appreciation rates are indicative of a strong real estate market and likely make it an attractive place for potential buyers.
The median home cost in Phippsburg is $418,100. Home appreciation the last 10 years has been 82.1%. Home Appreciation in Phippsburg is up 20.6%.
Average Age of Homes
- The median age of Phippsburg real estate is 37 years old
The Rental Market in Phippsburg
- Renters make up 8.2% of the Phippsburg population
- 1.4% of houses and apartments in Phippsburg, 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.