Cape Elizabeth, ME is a desirable location to live given its natural beauty and proximity to the ocean. This desirability is reflected in the housing market, with homes having a median value of $750,500 - significantly higher than the US median of $338,100. Furthermore, the appreciation of homes in Cape Elizabeth over the past year has been 17.36%, which is more than double the US 1 year house appreciation rate of 8.27%. This strong appreciation indicates that buying property in Cape Elizabeth is likely to be a wise investment for homeowners.
The median home cost in Cape Elizabeth is $750,500. Home appreciation the last 10 years has been 121.4%. Home Appreciation in Cape Elizabeth is up 19.3%.
Average Age of Homes
- The median age of Cape Elizabeth real estate is 51 years old
The Rental Market in Cape Elizabeth
- Renters make up 10.7% of the Cape Elizabeth population
- 0.0% of houses and apartments in Cape Elizabeth, 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.