Auburn appreciation rates and housing market information

Auburn housing market information

With 23,203 people, 10,608 houses or apartments, and a median cost of homes of $187,513, Auburn real estate prices are well above average cost compared to national prices.

single-family detached homes are the single most common housing type in Auburn, accounting for 48.50% of the city's housing units. Other types of housing that are prevalent in Auburn include duplexes, homes converted to apartments, or other small apartment buildings (23.27%), large apartment complexes or high rise apartments (22.39%), mobile homes or trailers (2.99%), and a few row houses and other attached homes (2.86%).

People in Auburn primarily live in small (one, two, or no bedroom) single-family detached homes. Auburn has a mixture of owner-occupied and renter-occupied housing.

The housing in Auburn was primarily built before 1939 (43.77%), making the housing stock in Auburn some of the older overall in America, although there is a range of ages of homes in Auburn. The next most important Auburn housing age is 1940-1969 (29.18%), followed by 1970-1994 (24.78%). There's also some housing in Auburn built between 1995 and later (2.27%).

Auburn home appreciation rates

Appreciation rates for homes in Auburn have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 82.30%, which ranks in the top 40% nationwide. This equates to an annual average Auburn house appreciation rate of 8.23%.

Over the last year, Auburn appreciation rates have trailed the rest of the nation. In the last twelve months, Auburn's appreciation rate has been -2.53%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Auburn were at 1.18%, which equates to an annual appreciation rate of 4.72%.

Relative to Maine, our data show that Auburn's latest annual appreciation rate is higher than 20% of the other cities and towns in Maine.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Auburn differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Auburn - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Auburn real estate investment or home purchase decisions.