Housing in Newcastle, ME is flourishing. The median value of homes in the area is $402,500, which is significantly higher than the national median of $338,100. In addition to this impressive median value, the one year house appreciation rate for Newcastle, ME is 16.46%, which is nearly twice the US one year house appreciation rate of 8.27%. This booming housing market makes Newcastle, ME an attractive option for potential homebuyers who are seeking to invest in a growing area with great financial returns.
The median home cost in Newcastle is $402,500. Home appreciation the last 10 years has been 82.1%. Home Appreciation in Newcastle is up 20.6%.
Average Age of Homes
- The median age of Newcastle real estate is 48 years old
The Rental Market in Newcastle
- Renters make up 22.4% of the Newcastle population
- 3.9% of houses and apartments in Newcastle, 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.