The housing market in Springfield, ME is booming. The median value of homes in the area is currently $126,900 which is significantly lower than the US median house value of $338,100. Additionally, over the past year home values have appreciated 15.28%, which is higher than the national rate of 8.27%. This suggests that Springfield, ME has a strong real estate market and it could be an attractive option for potential buyers.
The median home cost in Springfield is $126,900. Home appreciation the last 10 years has been 79.9%. Home Appreciation in Springfield is up 19.0%.
Average Age of Homes
- The median age of Springfield real estate is 38 years old
The Rental Market in Springfield
- Renters make up 3.3% of the Springfield population
- 0.0% of houses and apartments in Springfield, 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.