Old Town, ME is a great place to live for those wanting to invest in real estate. The median housing value in Old Town is $195,300 which is significantly lower than the US median of $338,100. In addition to the lower price point, the 1 year house appreciation rate in Old Town is 15.28%, much higher than the US average of 8.27%. All these factors make Old Town an ideal place for those looking to invest in real estate and take advantage of potential gains from appreciation as well as potentially lower prices.
The median home cost in Old Town (zip 04489) is $195,300. Home appreciation the last 10 years has been 79.9%. Home Appreciation in Old Town (zip 04489) is up 19.0%.
Average Age of Homes
- The median age of Old Town (zip 04489) real estate is 56 years old
The Rental Market in Old Town (zip 04489)
- Renters make up 20.1% of the Old Town (zip 04489) population
- 0.0% of houses and apartments in Old Town (zip 04489), 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.