The housing in Boothbay, ME is significantly more expensive than the national average. The median value of a house in Boothbay is 514,900 dollars, which is much higher than the US median value of 338,100 dollars. Additionally, the 1 year appreciation rate for houses in Boothbay is 16.46%, whereas the US rate of appreciation is much lower at 8.27%. This indicates that housing prices are seeing rapid growth in Boothbay and it may be a great time to invest in real estate here.
The median home cost in Boothbay is $514,900. Home appreciation the last 10 years has been 82.1%. Home Appreciation in Boothbay is up 20.6%.
Average Age of Homes
- The median age of Boothbay real estate is 32 years old
The Rental Market in Boothbay
- Renters make up 4.1% of the Boothbay population
- 0.0% of houses and apartments in Boothbay, 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.