The housing market in 04257 Mexico, ME is an excellent option for those looking to invest in real estate. The median value for houses in this area is $162,000, which is significantly lower than the US House Median Value of $338,100. Additionally, the 1 year house appreciation rate in 04257 Mexico, ME is 14.68%, which is higher than the US 1 year house appreciation rate of 8.27%. Given these statistics it can be concluded that investing in real estate in 04257 Mexico, ME can potentially provide a higher return on investment compared to other areas.
The median home cost in Mexico (zip 04257) is $162,000. Home appreciation the last 10 years has been 96.2%. Home Appreciation in Mexico (zip 04257) is up 20.0%.
Average Age of Homes
- The median age of Mexico (zip 04257) real estate is 67 years old
The Rental Market in Mexico (zip 04257)
- Renters make up 23.2% of the Mexico (zip 04257) population
- 12.1% of houses and apartments in Mexico (zip 04257), 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.