The housing market in Verona Island, ME is currently thriving. The median value of houses in the area is $276,800, which is significantly lower than the US House Median Value of $338,100. In addition, the US 1 year House Appreciation rate was 8.27%, while the House 1 year appreciation rate for Verona Island, ME was 15.28%. This demonstrates that the housing market in Verona Island is growing quickly and can be a great investment opportunity for those looking to buy property.
The median home cost in Verona Island is $276,800. Home appreciation the last 10 years has been 79.9%. Home Appreciation in Verona Island is up 19.0%.
Average Age of Homes
- The median age of Verona Island real estate is 46 years old
The Rental Market in Verona Island
- Renters make up 12.8% of the Verona Island population
- 1.9% of houses and apartments in Verona Island, 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.