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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 8,805 people, 4,014 houses or apartments, and a median cost of homes of $399,992, Bath real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Bath, accounting for 54.32% of the city's housing units. Other types of housing that are prevalent in Bath include large apartment complexes or high rise apartments ( 22.50%), duplexes, homes converted to apartments or other small apartment buildings ( 18.14%), and a few row houses and other attached homes ( 4.07%).
The most prevalent building size and type in Bath are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 61.49% owning and 38.51% renting.
The housing in Bath was primarily built before 1939 ( 57.55%), making the housing stock in Bath some of the oldest overall in America, although there is a range of ages of homes in Bath. The next most important housing age is between 1970-1999 ( 22.36%), followed by between 1940-1969 ( 17.30%). There's also some housing in Bath built between 2000 and later ( 2.79%).
Vacant housing appears to be an issue in Bath. Fully 11.21% of the housing stock is classified as vacant. Left unchecked, vacant Bath homes and apartments can be a drag on the real estate market, holding Bath real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
In the last 10 years, Bath has experienced some of the highest home appreciation rates of any community in the nation. Bath real estate appreciated 120.70% over the last ten years, which is an average annual home appreciation rate of 8.24%, putting Bath in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Bath definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Appreciation rates are so strong in Bath that despite a nationwide downturn in the housing market, Bath real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Bath appreciation rates continue to be some of the highest in America, at 11.61%, which is higher than appreciation rates in 98.58% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Bath. Bath appreciation rates in the latest quarter were at 3.59%, which equates to an annual appreciation rate of 15.16%.
Importantly, this makes Bath one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Maine, our data show that Bath's latest annual appreciation rate is higher than 60% of the other cities and towns in Maine.
$399,992
for Maine
for nation
4,014
$1,557 / per month