The housing market in Addison, ME is thriving. The median value of homes in this area is currently $201,700, which is significantly lower than the median US house value of $338,100. Despite this lower cost, Addison has seen an impressive 1 year appreciation rate of 16.46%, far higher than the average US appreciation rate of 8.27%. This means that home values in the area are increasing at a faster rate than most other areas of the country, making it an ideal place for those looking to invest their money into real estate.
The median home cost in Addison is $201,700. Home appreciation the last 10 years has been 82.1%. Home Appreciation in Addison is up 20.6%.
Average Age of Homes
- The median age of Addison real estate is 38 years old
The Rental Market in Addison
- Renters make up 11.5% of the Addison population
- 0.5% of houses and apartments in Addison, 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.