Caribou, ME
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Caribou Neighborhoods Since 2000




Caribou, ME Real Estate Data


Caribou Housing Market Information

With 7,816 people, 3,566 houses or apartments, and a median cost of homes of $104,985, 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 64.02% of the city's housing units. Other types of housing that are prevalent in Caribou include duplexes, homes converted to apartments or other small apartment buildings ( 13.72%), large apartment complexes or high rise apartments ( 12.86%), and a few mobile homes or trailers ( 9.14%).

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 62.40% owning and 37.60% 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 ( 35.33%). A lesser amount of the housing stock also hails from before 1939 ( 18.90%). There's also some housing in Caribou built between 2000 and later ( 6.04%).

Caribou Home Appreciation Rates

Appreciation rates for homes in Caribou have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 3.49%, which ranks in the top 50% nationwide. This equates to an annual average Caribou house appreciation rate of 0.34%.

Over the last year, Caribou appreciation rates have trailed the rest of the nation. In the last twelve months, Caribou's appreciation rate has been 1.49%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Caribou were at 0.53%, which equates to an annual appreciation rate of 2.13%.

Notably, Caribou's appreciation rate in the latest quarter is one of the lowest in America.

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

Average Home Values

 

Median Home Value:
$104,985

Caribou, ME HOME PRICES

Value Range
> $1,063,000 0.0
$797,001 - $1,063,000 1.1
$531,001 - $797,000 0.8
$425,001 - $531,000 1.7
$319,001 - $425,000 2.2
$213,001 - $319,000 6.4
$106,001 - $213,000 33.3
$53,001 - $106,000 36.9
$0 - $53,000 17.6

Very Low for ME
Low for Nation

Value Relative to Nation Value Relative to State
75.6690285178896 85.655737704918

Number Of Homes And Apartments:
3,566

Rent & Ownership

 

Average Market Rent:
$802 / per month

Homeownership Rate

Homeownership
Owners 62.40
Renters 37.60
Vacant 7.16

Housing Market Details

 

Age of Homes

AGE OF Caribou HOMES
2000 or Newer 6.0
1970 - 1999 39.7
1940 - 1969 35.3
1939 or Older 18.9

Types of Homes

TYPE OF Caribou HOMES
Single-Family 64.0
Townhomes 0.3
Small Apt. Buildings 13.7
Apt. Complexes 12.9
Mobile Homes 9.1
Other 0.0

Home Size

SIZE OF Caribou HOMES
No Bedroom 0.49
1 Bedroom 14.24
2 Bedrooms 30.77
3 Bedrooms 38.22
4 Bedrooms 10.67
5 or more bedrooms 5.60

Caribou Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
ME*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
55.90% 2.65% 5 7
* 10 is highest