The housing market in Biddeford, ME (04005) is booming. The median value of a house in this area is $397,500, which is higher than the US median house value of $338,100. This is a strong indicator that the housing market in this area is doing well. Furthermore, the 1-year house appreciation rate in Biddeford is 12.21%, which is significantly higher than the 1-year national average of 8.27%. This trend suggests that real estate values are increasing rapidly and could be a great investment opportunity for prospective homebuyers and investors alike.
The median home cost in Biddeford (zip 04005) is $397,500. Home appreciation the last 10 years has been 95.8%. Home Appreciation in Biddeford (zip 04005) is up 16.2%.
Average Age of Homes
- The median age of Biddeford (zip 04005) real estate is 65 years old
The Rental Market in Biddeford (zip 04005)
- Renters make up 42.3% of the Biddeford (zip 04005) population
- 1.1% of houses and apartments in Biddeford (zip 04005), 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.