Long Island, ME is an attractive location for homeowners due to its higher than average median house value of $481,800. This value is substantially higher than the US median house value of $338,100 and the rate of house appreciation in Long Island has been even more impressive; over the past year, the rate of house appreciation has been 12.21%, which is significantly higher than the US average of 8.27%. This makes Long Island an attractive option for prospective home buyers who are looking for a good investment opportunity.
The median home cost in Long Island is $481,800. Home appreciation the last 10 years has been 95.8%. Home Appreciation in Long Island is up 16.2%.
Average Age of Homes
- The median age of Long Island real estate is 78 years old
The Rental Market in Long Island
- Renters make up 3.5% of the Long Island population
- 1.0% of houses and apartments in Long Island, 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.