Zip 04354 (Palermo, ME) Housing

The housing market in 04354 Palermo, ME is booming, with the median value of homes sitting at $277,900 compared to the national median of $338,100. Not only is this significantly lower than the national average, but homes in 04354 Palermo, ME have also appreciated by 16.46% over the course of one year - far more than the 8.27% seen nationally. This rapid appreciation indicates that real estate in this Maine town is a great investment for anyone looking to buy into a thriving market.

The median home cost in Palermo (zip 04354) is $277,900. Home appreciation the last 10 years has been 82.1%. Home Appreciation in Palermo (zip 04354) is up 20.6%.

Average Age of Homes

- The median age of Palermo (zip 04354) real estate is 33 years old

The Rental Market in Palermo (zip 04354)

- Renters make up 8.7% of the Palermo (zip 04354) population
- 0.9% of houses and apartments in Palermo (zip 04354), 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	Palermo, Maine	United States
	999.0	139,647,020.0
	35	42
	$277,900	$338,100
	20.6%	16.6%
	71.4%	57.0%
	82.1%	101.1%
	$11.58	$10.98
	$2,347	$2,690
	59.0%	57.4%
	38.1%	11.2%
	2.9%	31.4%
Vacant Housing
	0.9%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.8%	0.4%
	35.5%	3.6%
	0.9%	4.1%
Value of Owner-Occupied Housing
	0.5%	2.6%
	0.5%	2.4%
	3.4%	2.8%
	3.4%	3.9%
	5.3%	4.5%
	12.2%	11.3%
	23.8%	13.0%
	23.9%	20.1%
	20.2%	13.6%
	1.9%	8.3%
	2.9%	9.7%
	1.2%	3.9%
	0.8%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.7%	0.2%
	19.2%	13.6%
	19.2%	13.6%
	14.6%	13.6%
	17.3%	13.2%
	10.5%	14.8%
	14.6%	13.6%
	5.4%	10.0%
	1.9%	4.7%
	10.6%	12.2%

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