The housing market in 04487 Springfield, ME is thriving. The median value of homes in the area is $87,600, which is significantly lower than the US median house value of $338,100. In addition, the appreciation rate for homes in 04487 Springfield over the past year has been 15.28%, far exceeding the US 1 year house appreciation rate of 8.27%. This data shows that homes in 04487 Springfield are increasing in value at a much faster rate than other areas across the country. Therefore, it is a great time to invest in housing in this region of Maine.
The median home cost in Springfield (zip 04487) is $87,600. Home appreciation the last 10 years has been 79.9%. Home Appreciation in Springfield (zip 04487) is up 19.0%.
Average Age of Homes
- The median age of Springfield (zip 04487) real estate is 35 years old
The Rental Market in Springfield (zip 04487)
- Renters make up 2.0% of the Springfield (zip 04487) population
- 0.9% of houses and apartments in Springfield (zip 04487), 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.