Otisfield, ME is a small town located in the northern part of the state. The median value for housing in Otisfield is $305,700, which is lower than the US median house value of $338,100. However, the one year appreciation rate for housing in Otisfield is much higher at 14.68%, versus 8.27% in the US as a whole. This suggests that Otisfield has a strong real estate market and could be an attractive destination for potential homebuyers looking for good value and rapid appreciation.
The median home cost in Otisfield is $305,700. Home appreciation the last 10 years has been 96.2%. Home Appreciation in Otisfield is up 20.0%.
Average Age of Homes
- The median age of Otisfield real estate is 30 years old
The Rental Market in Otisfield
- Renters make up 4.9% of the Otisfield population
- 0.3% of houses and apartments in Otisfield, 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.