Rumford, ME is an attractive place to live due its relatively affordable housing market. The median value of a house in Rumford, ME is $169,800, which is significantly lower than the US median of $338,100. This makes it an attractive option for budget-conscious buyers. In addition to this affordability, houses in Rumford have exhibited strong appreciation over the past year with a rate of 14.68%, which is significantly higher than the national average of 8.27%. With such appealing prices and rates of appreciation, those looking to buy a home may find that Rumford offers an ideal combination of affordability and potential gain.
The median home cost in Rumford is $169,800. Home appreciation the last 10 years has been 96.2%. Home Appreciation in Rumford is up 20.0%.
Average Age of Homes
- The median age of Rumford real estate is 72 years old
The Rental Market in Rumford
- Renters make up 27.8% of the Rumford population
- 11.1% of houses and apartments in Rumford, 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.