Jay, ME is a small town with a population of just over 3,000 people. The housing median value in the town is $193,900, which is significantly lower than the US house median value of $338,100. However, the one year appreciation rate for houses in Jay, ME is much higher than the national rate of 8.27%, reaching 14.68%. This suggests that the market in Jay is becoming increasingly attractive to home buyers and investors alike. With its low cost of living compared to other towns in Maine and its increasing property values, Jay is an excellent place to invest in real estate and build a home.
The median home cost in Jay is $193,900. Home appreciation the last 10 years has been 96.2%. Home Appreciation in Jay is up 20.0%.
Average Age of Homes
- The median age of Jay real estate is 42 years old
The Rental Market in Jay
- Renters make up 10.9% of the Jay population
- 4.2% of houses and apartments in Jay, 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.