Thorndike, ME is a great place to live due to its housing market. The median value of homes in the area is $221,000, much lower than the US median value of $338,100. In addition, over the past year the appreciation rate for home prices has been 16.46%, which is considerably higher than the US average of 8.27%. All this makes Thorndike an attractive real estate investment option where buyers can get more bang for their buck and benefit from rising property values.
The median home cost in Thorndike is $221,000. Home appreciation the last 10 years has been 82.1%. Home Appreciation in Thorndike is up 20.6%.
Average Age of Homes
- The median age of Thorndike real estate is 35 years old
The Rental Market in Thorndike
- Renters make up 18.3% of the Thorndike population
- 0.0% of houses and apartments in Thorndike, 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.