Zip 04256 (Mechanic Falls, ME) Housing

The housing market in 04256 Mechanic Falls, ME is very strong and growing. The median value of the homes in the area is $238,400 which is significantly lower than the US median value of $338,100. In the past year, house appreciation in Mechanic Falls has been 14.68%, compared with 8.27% nationally. This indicates a thriving real estate market that offers great potential for buyers to gain equity in their purchase over time. The housing market in this area promises to remain strong for years to come.

The median home cost in Mechanic Falls (zip 04256) is $238,400. Home appreciation the last 10 years has been 96.2%. Home Appreciation in Mechanic Falls (zip 04256) is up 20.0%.

Average Age of Homes

- The median age of Mechanic Falls (zip 04256) real estate is 44 years old

The Rental Market in Mechanic Falls (zip 04256)

- Renters make up 24.9% of the Mechanic Falls (zip 04256) population
- 0.0% of houses and apartments in Mechanic Falls (zip 04256), 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	Mechanic Falls, Maine	United States
	1,261.0	139,647,020.0
	41	42
	$238,400	$338,100
	20.0%	16.6%
	78.7%	57.0%
	96.2%	101.1%
	$14.36	$10.98
	$2,449	$2,690
	68.0%	57.4%
	8.6%	11.2%
	23.4%	31.4%
Vacant Housing
	0.0%	1.9%
	0.0%	0.4%
	6.3%	0.7%
	0.0%	0.4%
	0.0%	3.6%
	2.3%	4.1%
Value of Owner-Occupied Housing
	3.5%	2.6%
	2.5%	2.4%
	0.0%	2.8%
	7.6%	3.9%
	9.5%	4.5%
	18.0%	11.3%
	28.9%	13.0%
	19.1%	20.1%
	9.5%	13.6%
	0.0%	8.3%
	1.5%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	14.8%	13.6%
	14.8%	13.6%
	22.5%	13.6%
	6.4%	13.2%
	8.6%	14.8%
	22.5%	13.6%
	7.5%	10.0%
	0.6%	4.7%
	26.8%	12.2%

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