Chapman, ME has a median housing value of $200,300, which is significantly lower than the US house median value of $338,100. The appreciation rate for housing in Chapman is higher than the national average of 8.27%, coming in at 16.46%. This suggests that the housing market in Chapman is performing well compared to other areas in the US. It could be that people are attracted to the area due to its affordability and low cost of living. The rising appreciation rate is also likely linked to increasing demand from potential homeowners who recognize the good investment opportunities that Chapman offers.
The median home cost in Chapman is $200,300. Home appreciation the last 10 years has been 82.1%. Home Appreciation in Chapman is up 20.6%.
Average Age of Homes
- The median age of Chapman real estate is 36 years old
The Rental Market in Chapman
- Renters make up 6.4% of the Chapman population
- 0.0% of houses and apartments in Chapman, 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.