The housing market in New Gloucester, ME (04260) has seen strong appreciation in the last year. The median value of homes is currently $369,800, which is significantly more than the US average of $338,100. Additionally, the rate of appreciation for the area has been 14.68%, nearly double the national rate of 8.27%. This suggests that real estate investment in New Gloucester may be very lucrative and attractive to potential buyers or renters looking for property values that are on an upward trajectory.
The median home cost in New Gloucester (zip 04260) is $369,800. Home appreciation the last 10 years has been 96.2%. Home Appreciation in New Gloucester (zip 04260) is up 20.0%.
Average Age of Homes
- The median age of New Gloucester (zip 04260) real estate is 28 years old
The Rental Market in New Gloucester (zip 04260)
- Renters make up 14.6% of the New Gloucester (zip 04260) population
- 0.0% of houses and apartments in New Gloucester (zip 04260), 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.