The housing market in 04622 Cherryfield, ME is quite strong, with the median value of a home at $196,400. This is significantly lower than the US median value of $338,100, but it has seen a higher rate of appreciation over the past year at 16.46%, compared to 8.27% for the US as a whole. The area offers good value for money and is an attractive option for those looking to buy property in Maine.
The median home cost in Cherryfield (zip 04622) is $196,400. Home appreciation the last 10 years has been 82.1%. Home Appreciation in Cherryfield (zip 04622) is up 20.6%.
Average Age of Homes
- The median age of Cherryfield (zip 04622) real estate is 36 years old
The Rental Market in Cherryfield (zip 04622)
- Renters make up 11.5% of the Cherryfield (zip 04622) population
- 0.2% of houses and apartments in Cherryfield (zip 04622), 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.