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
With a population of 21,282, 8,487 total housing units (homes and apartments), and a median house value of $193,842, Biddeford real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Biddeford, accounting for 49.07% of the city's housing units. Other types of housing that are prevalent in Biddeford include duplexes, homes converted to apartments or other small apartment buildings ( 32.41%), large apartment complexes or high rise apartments ( 14.98%), and a few row houses and other attached homes ( 2.22%).
The most prevalent building size and type in Biddeford are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 43.86% owning and 56.14% renting.
The housing in Biddeford was primarily built before 1939 ( 43.86%), making the housing stock in Biddeford some of the oldest overall in America, although there is a range of ages of homes in Biddeford. The next most important housing age is between 1970-1999 ( 24.61%), followed by between 1940-1969 ( 23.75%). There's also some housing in Biddeford built between 2000 and later ( 7.77%).
Vacant housing appears to be an issue in Biddeford. Fully 13.75% of the housing stock is classified as vacant. Left unchecked, vacant Biddeford homes and apartments can be a drag on the real estate market, holding Biddeford 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.
Biddeford's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Biddeford during the period has been just -1.00%, which is lower than 70% of US communities.
Appreciation rates are so strong in Biddeford that despite a nationwide downturn in the housing market, Biddeford real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Biddeford appreciation rates continue to be some of the highest in America, at 7.60%, which is higher than appreciation rates in 84.69% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Biddeford. Biddeford 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 Biddeford's latest annual appreciation rate is higher than 90% 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 Biddeford differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Biddeford - 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 Biddeford real estate investment or home purchase decisions.
|$818,001 - $1,090,000||2.0|
|$545,001 - $818,000||3.3|
|$436,001 - $545,000||2.3|
|$327,001 - $436,000||8.1|
|$218,001 - $327,000||26.8|
|$109,001 - $218,000||49.4|
|$55,001 - $109,000||3.1|
|$0 - $55,000||3.8|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Biddeford HOMES|
|2000 or Newer||7.8|
|1970 - 1999||24.6|
|1940 - 1969||23.8|
|1939 or Older||43.9|
|TYPE OF Biddeford HOMES|
|Small Apt. Buildings||32.4|
|SIZE OF Biddeford HOMES|
|5 or more bedrooms||2.60|