The housing market in Island Falls, ME is very strong with a median value of $140,400. This is significantly lower than the US median house value of $338,100. The US has seen an annual appreciation rate of 8.27%, however, the appreciation rate for houses in Island Falls is currently at 16.46%, clearly showing that the housing market in this area is outpacing that of the rest of the country.
The median home cost in Island Falls is $140,400. Home appreciation the last 10 years has been 82.1%. Home Appreciation in Island Falls is up 20.6%.
Average Age of Homes
- The median age of Island Falls real estate is 61 years old
The Rental Market in Island Falls
- Renters make up 9.6% of the Island Falls population
- 0.0% of houses and apartments in Island Falls, 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.