Machias, ME is a small town with a strong sense of community and an excellent quality of life. The housing median value in Machias is $150,700, which is lower than the US House Median Value of $338,100. The good news for those looking to invest in Machias real estate is that there has been an impressive 1 year appreciation rate of 16.46%, higher than the US House Appreciation rate of 8.27%. This makes investing in housing in Machias a smart move for those looking for both a great place to live and the potential for returns on an investment.
The median home cost in Machias is $150,700. Home appreciation the last 10 years has been 82.1%. Home Appreciation in Machias is up 20.6%.
Average Age of Homes
- The median age of Machias real estate is 46 years old
The Rental Market in Machias
- Renters make up 36.1% of the Machias population
- 6.8% of houses and apartments in Machias, 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.