Caribou, ME


Highest Appreciating Caribou Neighborhoods Since 2000

Caribou, 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

Caribou Housing Market Information

With a population of 7,816, 3,558 total housing units (homes and apartments), and a median house value of $97,807, house prices in Caribou are solidly below the national average.

Single-family detached homes are the single most common housing type in Caribou, accounting for 64.82% of the city's housing units. Other types of housing that are prevalent in Caribou include large apartment complexes or high rise apartments ( 13.84%), duplexes, homes converted to apartments or other small apartment buildings ( 12.40%), and a few mobile homes or trailers ( 8.80%).

The most prevalent building size and type in Caribou are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 61.08% owning and 38.92% renting.

There is a lot of housing in Caribou built from 1970 to 1999 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 Caribou built between 1940-1969 ( 34.70%). A lesser amount of the housing stock also hails from before 1939 ( 19.93%). There's also some housing in Caribou built between 2000 and later ( 5.90%).

Vacant housing appears to be an issue in Caribou. Fully 10.33% of the housing stock is classified as vacant. Left unchecked, vacant Caribou homes and apartments can be a drag on the real estate market, holding Caribou 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.

Caribou Home Appreciation Rates

Real estate appreciation rates in Caribou's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.53% during the period.

NeighborhoodScout's data show that during the latest twelve months, Caribou's appreciation rate, at 3.23%, has been at or slightly above the national average. In the latest quarter, Caribou's appreciation rate has been 1.58%, which annualizes to a rate of 6.47%.

Relative to Maine, our data show that Caribou's latest annual appreciation rate is lower than 70% of the other cities and towns in Maine.

Average Home Values


Median Home Value:


Value Range
> $1,082,000 0.0
$811,001 - $1,082,000 0.0
$541,001 - $811,000 0.4
$433,001 - $541,000 1.6
$324,001 - $433,000 3.0
$216,001 - $324,000 7.1
$108,001 - $216,000 29.9
$54,001 - $108,000 40.0
$0 - $54,000 18.1

Very Low for ME
Low for Nation

Value Relative to Nation Value Relative to State
78.9933200515645 90.1639344262295

Number Of Homes And Apartments:

Caribou Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
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
52.88% 2.49% 4 6
* 10 is highest

Rent & Ownership


Average Market Rent:
$756 / per month

Homeownership Rate

Owners 61.08
Renters 38.92
Vacant 10.33

Housing Market Details


Age of Homes

2000 or Newer 5.9
1970 - 1999 39.5
1940 - 1969 34.7
1939 or Older 19.9

Types of Homes

Single-Family 64.8
Townhomes 0.2
Small Apt. Buildings 12.4
Apt. Complexes 13.8
Mobile Homes 8.8
Other 0.0

Home Size

No Bedroom 0.91
1 Bedroom 15.17
2 Bedrooms 30.17
3 Bedrooms 37.58
4 Bedrooms 11.49
5 or more bedrooms 4.69