Cherryfield, ME is a great place to invest in housing. The median house value is $169,500, which is significantly lower than the US median house value of $338,100. Furthermore, the one year house appreciation rate in Cherryfield was 16.46% compared to 8.27% nationally. This makes it an excellent investment opportunity for those looking to buy a home in the area. With prices significantly lower than national averages and high appreciation rates, it's no wonder why people are making their way to Cherryfield for their housing needs.
The median home cost in Cherryfield is $169,500. Home appreciation the last 10 years has been 82.1%. Home Appreciation in Cherryfield is up 20.6%.
Average Age of Homes
- The median age of Cherryfield real estate is 38 years old
The Rental Market in Cherryfield
- Renters make up 21.5% of the Cherryfield population
- 0.0% of houses and apartments in Cherryfield, 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.