Bath, ME
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Bath Neighborhoods Since 2000




Bath, 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

Bath Housing Market Information

With a population of 8,305, 3,869 total housing units (homes and apartments), and a median house value of $213,053, 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 54.11% of the city's housing units. Other types of housing that are prevalent in Bath include duplexes, homes converted to apartments or other small apartment buildings ( 22.39%), large apartment complexes or high rise apartments ( 16.42%), and a few row houses and other attached homes ( 5.64%).

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 56.16% owning and 43.84% renting.

The housing in Bath was primarily built before 1939 ( 50.86%), 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 ( 26.29%), followed by between 1940-1969 ( 19.48%). There's also some housing in Bath built between 2000 and later ( 3.37%).

Vacant housing appears to be an issue in Bath. Fully 10.15% 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.

Bath Home Appreciation Rates

Real estate appreciation rates in Bath's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.08% during the period.

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 10.70%, which is higher than appreciation rates in 95.52% 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 0.64%, which equates to an annual appreciation rate of 2.56%.

Relative to Maine, our data show that Bath's latest annual appreciation rate is higher than 90% of the other cities and towns in Maine.

Average Home Values

 

Median Home Value:
$213,053

Bath, ME HOME PRICES

Value Range
> $1,152,000 0.9
$863,001 - $1,152,000 1.5
$576,001 - $863,000 3.8
$460,001 - $576,000 5.3
$345,001 - $460,000 6.9
$230,001 - $345,000 13.5
$115,001 - $230,000 53.3
$58,001 - $115,000 10.7
$0 - $58,000 4.1

High for ME
High for Nation

Value Relative to Nation Value Relative to State
29.1984061877417 25.8196721311475

Number Of Homes And Apartments:
3,869

Bath 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
56.50% 2.63% 5 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$846 / per month

Homeownership Rate

Homeownership
Owners 56.16
Renters 43.84
Vacant 10.15

Housing Market Details

 

Age of Homes

AGE OF Bath HOMES
2000 or Newer 3.4
1970 - 1999 26.3
1940 - 1969 19.5
1939 or Older 50.9

Types of Homes

TYPE OF Bath HOMES
Single-Family 54.1
Townhomes 5.6
Small Apt. Buildings 22.4
Apt. Complexes 16.4
Mobile Homes 1.4
Other 0.0

Home Size

SIZE OF Bath HOMES
No Bedroom 3.65
1 Bedroom 13.33
2 Bedrooms 29.68
3 Bedrooms 38.25
4 Bedrooms 11.68
5 or more bedrooms 3.41