The housing market in Somerville, ME is booming! The median value of a house in Somerville is $258,500 which is significantly lower than the US median house value of $338,100. Furthermore, the 1 year house appreciation rate for the US is 8.27%, while the 1 year appreciation rate for houses in Somerville is 16.46%. This is evidence of a strong and vibrant real estate market that continues to grow each year. In short, buying a home in Somerville is a great investment opportunity as prices continue to rise and offer excellent returns.
The median home cost in Somerville is $258,500. Home appreciation the last 10 years has been 82.1%. Home Appreciation in Somerville is up 20.6%.
Average Age of Homes
- The median age of Somerville real estate is 39 years old
The Rental Market in Somerville
- Renters make up 12.0% of the Somerville population
- 0.0% of houses and apartments in Somerville, 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.