Housing in Norridgewock, ME is highly desirable due to its median value of $197,500 which is significantly lower than the US house median value of $338,100. Additionally, the one year appreciation rate for houses in Norridgewock has been 16.46%, which is more than double the US one year house appreciation rate of 8.27%. These conditions make it a great time to invest in real estate in Norridgewock as prices are expected to continue to rise.
The median home cost in Norridgewock is $197,500. Home appreciation the last 10 years has been 82.1%. Home Appreciation in Norridgewock is up 20.6%.
Average Age of Homes
- The median age of Norridgewock real estate is 32 years old
The Rental Market in Norridgewock
- Renters make up 16.1% of the Norridgewock population
- 1.7% of houses and apartments in Norridgewock, 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.