Somerset County, ME Housing

The housing market in Somerset, ME County has been on the rise recently. The median value of a house is currently $187,000 and that is significantly lower than the US House median value of $338,100. This makes it more appealing for potential homebuyers who are looking for a good deal. Moreover, the 1 year house appreciation rate in Somerset County is 16.46%, which is higher than the US 1 year house appreciation rate of 8.27%. This indicates that now is a great time to purchase property in Somerset County as prices are expected to continue appreciating over the coming years.

The median home cost in Somerset County is $187,000. Home appreciation the last 10 years has been 82.1%. Home Appreciation in Somerset County is up 20.6%.

Average Age of Homes

- The median age of Somerset County real estate is 42 years old

The Rental Market in Somerset County

- Renters make up 15.3% of the Somerset County population
- 0.6% of houses and apartments in Somerset County, 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	Somerset, Maine	United States
	29,894.0	139,647,020.0
	44	42
	$187,000	$338,100
	20.6%	16.6%
	71.4%	57.0%
	82.1%	101.1%
	$13.64	$10.98
	$1,694	$2,690
	55.9%	57.4%
	27.8%	11.2%
	16.3%	31.4%
Vacant Housing
	0.6%	1.9%
	0.0%	0.4%
	0.8%	0.7%
	0.3%	0.4%
	22.0%	3.6%
	4.0%	4.1%
Value of Owner-Occupied Housing
	3.0%	2.6%
	4.6%	2.4%
	7.1%	2.8%
	9.9%	3.9%
	11.4%	4.5%
	24.6%	11.3%
	15.7%	13.0%
	14.7%	20.1%
	5.9%	13.6%
	1.2%	8.3%
	1.2%	9.7%
	0.5%	3.9%
	0.2%	2.2%
	0.1%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	11.6%	13.6%
	11.6%	13.6%
	14.9%	13.6%
	14.0%	13.2%
	15.4%	14.8%
	14.9%	13.6%
	5.4%	10.0%
	4.6%	4.7%
	23.3%	12.2%

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