The housing market in 04066 Orrs Island, ME is thriving! The median value for a house in Orrs Island is $616,400 which is significantly higher than the US median value of $338,100. This is an indication that the real estate market in Orrs Island is much more desirable and competitive compared to the rest of the United States. Furthermore, the one year house appreciation rate in Orrs Island is 12.21%, nearly four percent higher than the US average of 8.27%. This shows that Orrs Island has had an especially strong housing market for the past year and appears to be a great investment opportunity for those looking to buy property there.
The median home cost in Orrs Island (zip 04066) is $616,400. Home appreciation the last 10 years has been 95.8%. Home Appreciation in Orrs Island (zip 04066) is up 16.2%.
Average Age of Homes
- The median age of Orrs Island (zip 04066) real estate is 40 years old
The Rental Market in Orrs Island (zip 04066)
- Renters make up 4.2% of the Orrs Island (zip 04066) population
- 0.2% of houses and apartments in Orrs Island (zip 04066), 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.