Rangeley, ME is an attractive area to live when it comes to housing. The median value of the town is $356,200 which is higher than the US house median value of $338,100. This high value also comes with a greater appreciation rate than the US average. In one year, house appreciation in Rangeley was 16.46%, a significant increase compared to the US average 8.27%. This makes Rangeley a desirable place to invest in real estate as prices are likely to increase over time.
The median home cost in Rangeley is $356,200. Home appreciation the last 10 years has been 82.1%. Home Appreciation in Rangeley is up 20.6%.
Average Age of Homes
- The median age of Rangeley real estate is 53 years old
The Rental Market in Rangeley
- Renters make up 3.8% of the Rangeley population
- 0.9% of houses and apartments in Rangeley, 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.