The housing market in Northport, ME is booming. The median value of housing is currently $377,800, which is higher than the US median value of $338,100. In the past year, the US house appreciation rate was 8.27%, whereas in Northport it was 16.46%. This indicates that the housing market in Northport has been doing especially well and has seen a larger than average amount of growth over the last year. With an increase like this, Northport may be a great option for those looking to invest in real estate or purchase a home.
The median home cost in Northport is $377,800. Home appreciation the last 10 years has been 82.1%. Home Appreciation in Northport is up 20.6%.
Average Age of Homes
- The median age of Northport real estate is 35 years old
The Rental Market in Northport
- Renters make up 8.9% of the Northport population
- 1.2% of houses and apartments in Northport, 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.