The housing market in Madison, ME is doing exceptionally well. The median value for a house is around $173,000, which is significantly lower than the US House Median Value of $338,100. Additionally, the 1 year house appreciation rate in Madison is 16.46%, which is much higher than the US 1 year house appreciation rate of 8.27%. These numbers indicate that now would be an excellent time to invest in housing in Madison, ME as prices are on the rise and the market appears to be strong.
The median home cost in Madison is $173,000. Home appreciation the last 10 years has been 82.1%. Home Appreciation in Madison is up 20.6%.
Average Age of Homes
- The median age of Madison real estate is 50 years old
The Rental Market in Madison
- Renters make up 18.4% of the Madison population
- 0.0% of houses and apartments in Madison, 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.