The housing market in 04475 Passadumkeag, ME is a profitable one, with the median value of a house at $95,200. This is significantly lower than its US counterpart of $338,100. However, the 1 year house appreciation rate is 15.28%, much higher than the 8.27% nationwide average for the same period of time, indicating a growing market within the city limits of Passadumkeag. The high rate of appreciation makes it an attractive investment option for anyone looking to enter the housing market in this particular area.
The median home cost in Passadumkeag (zip 04475) is $95,200. Home appreciation the last 10 years has been 79.9%. Home Appreciation in Passadumkeag (zip 04475) is up 19.0%.
Average Age of Homes
- The median age of Passadumkeag (zip 04475) real estate is 42 years old
The Rental Market in Passadumkeag (zip 04475)
- Renters make up 19.3% of the Passadumkeag (zip 04475) population
- 1.2% of houses and apartments in Passadumkeag (zip 04475), 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.