The housing market in Lovell, ME is experiencing higher than average appreciation rates when compared to the US. The median value of housing in Lovell, ME is $406,600 and is 9.5% higher than the national median of $338,100. Furthermore, one year house appreciation for Lovell is 12.23% which is significantly above the 8.27% rate seen nationally over the same period of time. This indicates that the housing market in Lovell, ME tends to appreciate at a higher rate than other markets around the country and suggests an appealing local investment opportunity.
The median home cost in Lovell is $406,600. Home appreciation the last 10 years has been 95.8%. Home Appreciation in Lovell is up 16.2%.
Average Age of Homes
- The median age of Lovell real estate is 38 years old
The Rental Market in Lovell
- Renters make up 3.3% of the Lovell population
- 0.0% of houses and apartments in Lovell, 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.