The housing market in Minot, ME has seen a great deal of appreciation over the past year compared to the average appreciation rate across the US. The median value of a house in Minot is currently $293,600, which is significantly lower than the US median value of $338,100. However, the 1 year house appreciation rate in Minot was 14.68%, while the US rate was only 8.27%. This demonstrates that Minot has been experiencing an overall higher rate of growth in its housing market than other areas in the country.
The median home cost in Minot is $293,600. Home appreciation the last 10 years has been 96.2%. Home Appreciation in Minot is up 20.0%.
Average Age of Homes
- The median age of Minot real estate is 28 years old
The Rental Market in Minot
- Renters make up 7.2% of the Minot population
- 0.0% of houses and apartments in Minot, 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.