Ellsworth, ME
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Ellsworth Neighborhoods Since 2000




Ellsworth, 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

Ellsworth Housing Market Information

With 7,857 people, 3,523 houses or apartments, and a median cost of homes of $187,195, Ellsworth real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Ellsworth, accounting for 70.11% of the city's housing units. Other types of housing that are prevalent in Ellsworth include mobile homes or trailers ( 11.40%), duplexes, homes converted to apartments or other small apartment buildings ( 11.22%), and a few large apartment complexes or high rise apartments ( 6.73%).

The most prevalent building size and type in Ellsworth are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 61.93% owning and 38.07% renting.

There is a lot of housing in Ellsworth 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 Ellsworth built between 2000 and later ( 22.02%). A lesser amount of the housing stock also hails from before 1939 ( 20.11%). There's also some housing in Ellsworth built between 1940-1969 ( 17.93%).

Vacant housing appears to be an issue in Ellsworth. Fully 20.94% of the housing stock is classified as vacant. Left unchecked, vacant Ellsworth homes and apartments can be a drag on the real estate market, holding Ellsworth 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.

Ellsworth Home Appreciation Rates

Real estate appreciation rates in Ellsworth's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.65% during the period.

Over the last year, Ellsworth appreciation rates have trailed the rest of the nation. In the last twelve months, Ellsworth's appreciation rate has been 2.61%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Ellsworth were at 1.55%, which equates to an annual appreciation rate of 6.33%.

Relative to Maine, our data show that Ellsworth's latest annual appreciation rate is lower than 80% of the other cities and towns in Maine.

Average Home Values

 

Median Home Value:
$187,195

Ellsworth, ME HOME PRICES

Value Range
> $1,041,000 1.0
$780,001 - $1,041,000 1.1
$520,001 - $780,000 1.3
$416,001 - $520,000 4.2
$312,001 - $416,000 6.6
$208,001 - $312,000 28.0
$104,001 - $208,000 41.6
$52,001 - $104,000 11.4
$0 - $52,000 4.8

High for ME
High for Nation

Value Relative to Nation Value Relative to State
35.6439704675964 38.1147540983607

Number Of Homes And Apartments:
3,523

Ellsworth 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
56.33% 2.62% 5 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$945 / per month

Homeownership Rate

Homeownership
Owners 61.93
Renters 38.07
Vacant 20.94

Housing Market Details

 

Age of Homes

AGE OF Ellsworth HOMES
2000 or Newer 22.0
1970 - 1999 39.9
1940 - 1969 17.9
1939 or Older 20.1

Types of Homes

TYPE OF Ellsworth HOMES
Single-Family 70.1
Townhomes 0.5
Small Apt. Buildings 11.2
Apt. Complexes 6.7
Mobile Homes 11.4
Other 0.0

Home Size

SIZE OF Ellsworth HOMES
No Bedroom 4.44
1 Bedroom 15.08
2 Bedrooms 28.23
3 Bedrooms 36.67
4 Bedrooms 14.16
5 or more bedrooms 1.41