The housing market in 04017 Chebeague Island, ME is strong with a median value of $577,500. This is significantly higher than the US house median value of $338,100 and has seen an impressive appreciation rate of 12.21% over the last year, much higher than the US 1 year House Appreciation rate of 8.27%. The high median value and strong appreciation rate indicate that 04017 Chebeague Island, ME is a desirable place to buy or rent property and a great opportunity for real estate investors to capitalize on this growing market.
The median home cost in Chebeague Island (zip 04017) is $577,500. Home appreciation the last 10 years has been 95.8%. Home Appreciation in Chebeague Island (zip 04017) is up 16.2%.
Average Age of Homes
- The median age of Chebeague Island (zip 04017) real estate is 78 years old
The Rental Market in Chebeague Island (zip 04017)
- Renters make up 7.3% of the Chebeague Island (zip 04017) population
- 0.0% of houses and apartments in Chebeague Island (zip 04017), 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.