Solon, ME Housing

Solon, Maine is an area with a strong housing market. The median home value in Solon is $197,100, which is lower than the US house median value of $338,100. Despite the lower median value, Solon's one-year house appreciation rate is higher than the US average at 16.46%. This could be due to several factors such as a high demand for housing and limited housing supply in the area. This strong growth rate suggests that now may be a great time for people looking to purchase real estate in the Solon area.

The median home cost in Solon is $197,100. Home appreciation the last 10 years has been 82.1%. Home Appreciation in Solon is up 20.6%.

Average Age of Homes

- The median age of Solon real estate is 40 years old

The Rental Market in Solon

- Renters make up 13.9% of the Solon population
- 3.3% of houses and apartments in Solon, 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Solon, Maine	United States
	575.0	139,647,020.0
	43	42
	$197,100	$338,100
	20.6%	16.6%
	71.4%	57.0%
	82.1%	101.1%
	$12.24	$10.98
	$1,886	$2,690
	55.5%	57.4%
	38.4%	11.2%
	6.1%	31.4%
Vacant Housing
	3.3%	1.9%
	1.2%	0.4%
	0.0%	0.7%
	1.6%	0.4%
	25.4%	3.6%
	7.0%	4.1%
Value of Owner-Occupied Housing
	1.9%	2.6%
	2.2%	2.4%
	6.3%	2.8%
	5.0%	3.9%
	21.0%	4.5%
	10.3%	11.3%
	27.0%	13.0%
	21.9%	20.1%
	1.3%	13.6%
	3.1%	8.3%
	0.0%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	14.8%	13.6%
	14.8%	13.6%
	14.6%	13.6%
	14.6%	13.2%
	15.3%	14.8%
	14.6%	13.6%
	3.7%	10.0%
	0.3%	4.7%
	27.8%	12.2%