Yarmouth appreciation rates and housing market information

Yarmouth housing market information

With a population of 8,360, 3,704 total housing units (homes and apartments), and a median house value of $402,722, Yarmouth house prices are not only among the most expensive in Maine, Yarmouth real estate also is some of the most expensive in all of America.

single-family detached homes are the single most common housing type in Yarmouth, accounting for 67.47% of the town's housing units. Other types of housing that are prevalent in Yarmouth include large apartment complexes or high rise apartments (12.36%), duplexes, homes converted to apartments, or other small apartment buildings (12.15%), and a few row houses and other attached homes (7.59%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Yarmouth. Owner-occupied housing accounts for 65.60% of Yarmouth's homes, and 54.56% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Yarmouth built from 1970-1994, so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Yarmouth built from 1940-1969 (25.51%). A lesser amount of the housing stock also hails from 1939 and earlier (22.20%), and some were built from 1995 and later (22.20%).

Yarmouth home appreciation rates

Appreciation rates for homes in Yarmouth have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 100.73%, which ranks in the top 20% nationwide. This equates to an annual average Yarmouth house appreciation rate of 10.07%.

Over the last year, Yarmouth appreciation rates have trailed the rest of the nation. In the last twelve months, Yarmouth's appreciation rate has been -2.81%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Yarmouth were at 0.30%, which equates to an annual appreciation rate of 1.20%.

Relative to Maine, our data show that Yarmouth's latest annual appreciation rate is higher than 19% of the other cities and towns in Maine.