Westbrook, ME is a great place to buy and invest in housing. The median value of the homes in Westbrook is $386,400, higher than the US House Median value of $338,100. What's even more impressive is that the 1 year house appreciation rate in Westbrook is 12.21%, which is significantly higher than the national rate of 8.27%. This makes Westbrook an ideal place for those looking to invest in housing or purchase a home as property values are likely to keep increasing in this area.
The median home cost in Westbrook is $386,400. Home appreciation the last 10 years has been 95.8%. Home Appreciation in Westbrook is up 16.2%.
Average Age of Homes
- The median age of Westbrook real estate is 49 years old
The Rental Market in Westbrook
- Renters make up 35.9% of the Westbrook population
- 2.4% of houses and apartments in Westbrook, 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.