Hallowell, ME is a small city with a population of just over 2,000 people. It is known for its thriving and vibrant art scene. It is also a great place to buy a house! The median value of housing in Hallowell, ME is $298,800 which is lower than the US House median value of $338,100. Despite this lower price point, the one year appreciation rate of Hallowell's housing market is 16.46%, significantly higher than the 8.27% rate experienced by US house markets overall. This shows that buying a home in Hallowell can be a great investment opportunity!
The median home cost in Hallowell is $298,800. Home appreciation the last 10 years has been 82.1%. Home Appreciation in Hallowell is up 20.6%.
Average Age of Homes
- The median age of Hallowell real estate is 64 years old
The Rental Market in Hallowell
- Renters make up 44.1% of the Hallowell population
- 0.0% of houses and apartments in Hallowell, 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.