The housing market in Smithfield, ME is booming. The median value of houses in the area is considerably lower than the national average, at $251,600 compared to $338,100. However, it has seen a much greater appreciation rate over the past year than the national average of 8.27%, with a whopping 16.46% increase in value. This is great news for those looking to purchase a home in Smithfield and make an investment that will likely pay off handsomely in time.
The median home cost in Smithfield is $251,600. Home appreciation the last 10 years has been 82.1%. Home Appreciation in Smithfield is up 20.6%.
Average Age of Homes
- The median age of Smithfield real estate is 43 years old
The Rental Market in Smithfield
- Renters make up 5.6% of the Smithfield population
- 0.0% of houses and apartments in Smithfield, 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.