The housing market in Kennebec, ME County is thriving. The current median value of a home in the county is $274,300, which is significantly lower than the US house median value of $338,100. However, what makes Kennebec an attractive option is that it has seen a much higher rate of appreciation over the past year at 16.46%, compared to only 8.27% across the US as a whole. This suggests that purchasing property in Kennebec now could be a great investment opportunity for those looking to get into the housing market.
The median home cost in Kennebec County is $274,300. Home appreciation the last 10 years has been 82.7%. Home Appreciation in Kennebec County is up 20.6%.
Average Age of Homes
- The median age of Kennebec County real estate is 44 years old
The Rental Market in Kennebec County
- Renters make up 24.9% of the Kennebec County population
- 0.8% of houses and apartments in Kennebec 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.