Auburn, ME
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Auburn Neighborhoods Since 2000




Auburn, ME Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Auburn Housing Market Information

With a population of 22,871, 9,742 total housing units (homes and apartments), and a median house value of $165,174, Auburn real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Auburn, accounting for 49.99% 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 ( 22.14%), large apartment complexes or high rise apartments ( 21.51%), and a few row houses and other attached homes ( 3.74%).

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 ( 43.25%), making the housing stock in Auburn some of the oldest overall in America, although there is a range of ages of homes in Auburn. The next most important housing age is between 1970-1999 ( 28.01%), followed by between 1940-1969 ( 21.20%). There's also some housing in Auburn built between 2000 and later ( 7.54%).

Auburn Home Appreciation Rates

Auburn's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Auburn during the period has been just -1.15%, which is lower than 70% of US communities.

Appreciation rates are so strong in Auburn that despite a nationwide downturn in the housing market, Auburn real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Auburn appreciation rates continue to be some of the highest in America, at 6.49%, which is higher than appreciation rates in 77.85% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Auburn. Auburn appreciation rates in the latest quarter were at -0.05%, which equates to an annual appreciation rate of -0.19%.

Relative to Maine, our data show that Auburn's latest annual appreciation rate is higher than 80% 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 2000, to assist you in making the best Auburn real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$165,174

Auburn, ME HOME PRICES

Value Range
> $1,079,000 1.2
$809,001 - $1,079,000 0.4
$540,001 - $809,000 0.9
$432,001 - $540,000 2.0
$324,001 - $432,000 2.5
$216,001 - $324,000 14.3
$108,001 - $216,000 59.7
$54,001 - $108,000 15.4
$0 - $54,000 3.8

Average for ME
Average for Nation

Value Relative to Nation Value Relative to State
43.5837337395992 49.5901639344262

Number Of Homes And Apartments:
9,742

Auburn Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
ME*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
42.25% 2.06% 2 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$951 / per month

Homeownership Rate

Homeownership
Owners 54.49
Renters 45.51
Vacant 8.92

Housing Market Details

 

Age of Homes

AGE OF Auburn HOMES
2000 or Newer 7.5
1970 - 1999 28.0
1940 - 1969 21.2
1939 or Older 43.2

Types of Homes

TYPE OF Auburn HOMES
Single-Family 50.0
Townhomes 3.7
Small Apt. Buildings 22.1
Apt. Complexes 21.5
Mobile Homes 2.6
Other 0.0

Home Size

SIZE OF Auburn HOMES
No Bedroom 4.85
1 Bedroom 14.45
2 Bedrooms 30.35
3 Bedrooms 33.68
4 Bedrooms 14.01
5 or more bedrooms 2.66