The housing market in Milbridge, ME has seen significant growth over the past year. The median value of a house in Milbridge is $218,100, which is significantly lower than the US median value of $338,100. Despite this disparity in median value, the one-year appreciation rate for houses in Milbridge is 16.46%, which is much higher than the US one-year appreciation rate of 8.27%. This suggests that demand for housing and property values are particularly high in Milbridge, making it an attractive destination for prospective homeowners.
The median home cost in Milbridge is $218,100. Home appreciation the last 10 years has been 82.1%. Home Appreciation in Milbridge is up 20.6%.
Average Age of Homes
- The median age of Milbridge real estate is 38 years old
The Rental Market in Milbridge
- Renters make up 12.8% of the Milbridge population
- 1.0% of houses and apartments in Milbridge, 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.