The housing market in the Lewiston-Auburn, ME Metro Area is thriving. The median value of a house in this area is $268,100, which is significantly lower than the US median value of $338,100. However, the one-year appreciation rate for housing in Lewiston-Auburn is 15.28%, which is considerably higher than the national rate of 8.27%. This suggests that people are investing in this area and that the real estate market is strong.
The median home cost in Lewiston-Auburn Metro Area is $268,100. Home appreciation the last 10 years has been 96.2%. Home Appreciation in Lewiston-Auburn Metro Area is up 20.0%.
Average Age of Homes
- The median age of Lewiston-Auburn Metro Area real estate is 51 years old
The Rental Market in Lewiston-Auburn Metro Area
- Renters make up 32.4% of the Lewiston-Auburn Metro Area population
- 0.4% of houses and apartments in Lewiston-Auburn Metro Area, 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.