The housing market in Norway, ME is currently thriving. The median value of a home in the area is $278,200, which is significantly lower than the US median value of $338,100. In addition, the 1 year appreciation rate for homes in Norway, ME is 14.68%, compared to 8.27% for the US as a whole. This demonstrates that Norway, ME has seen significant growth in its housing market over the past year and continues to be an attractive option for homeowners or potential buyers looking for a competitively priced place to live.
The median home cost in Norway is $278,200. Home appreciation the last 10 years has been 96.2%. Home Appreciation in Norway is up 20.0%.
Average Age of Homes
- The median age of Norway real estate is 45 years old
The Rental Market in Norway
- Renters make up 17.7% of the Norway population
- 0.0% of houses and apartments in Norway, 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.