Zip 04553 (Newcastle, ME) Housing

The housing market in 04553 Newcastle, ME is higher than the US average, with a median house value of $432,700 compared to the US median of $338,100. This market has seen strong appreciation in the past year with an increase of 16.46%, which is higher than the US 1 year house appreciation rate of 8.27%. This trend indicates that 04553 Newcastle, ME is an attractive place to buy or invest in real estate.

The median home cost in Newcastle (zip 04553) is $432,700. Home appreciation the last 10 years has been 82.1%. Home Appreciation in Newcastle (zip 04553) is up 20.6%.

Average Age of Homes

- The median age of Newcastle (zip 04553) real estate is 48 years old

The Rental Market in Newcastle (zip 04553)

- Renters make up 22.4% of the Newcastle (zip 04553) population
- 3.9% of houses and apartments in Newcastle (zip 04553), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Newcastle, Maine	United States
	922.0	139,647,020.0
	34	42
	$432,700	$338,100
	20.6%	16.6%
	71.4%	57.0%
	82.1%	101.1%
	$13.34	$10.98
	$3,979	$2,690
	65.3%	57.4%
	15.6%	11.2%
	19.1%	31.4%
Vacant Housing
	3.9%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	11.7%	3.6%
	0.0%	4.1%
Value of Owner-Occupied Housing
	0.0%	2.6%
	0.0%	2.4%
	0.0%	2.8%
	0.0%	3.9%
	1.8%	4.5%
	1.8%	11.3%
	15.8%	13.0%
	31.1%	20.1%
	16.9%	13.6%
	20.1%	8.3%
	11.3%	9.7%
	1.2%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	11.1%	13.6%
	11.1%	13.6%
	26.1%	13.6%
	20.5%	13.2%
	4.3%	14.8%
	26.1%	13.6%
	2.2%	10.0%
	2.0%	4.7%
	22.2%	12.2%

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