Gardiner, ME
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Gardiner, ME Real Estate Data


Gardiner Housing Market Information

With a population of 5,597, 2,498 total housing units (homes and apartments), and a median house value of $147,834, Gardiner real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Gardiner, accounting for 60.01% of the city's housing units. Other types of housing that are prevalent in Gardiner include duplexes, homes converted to apartments or other small apartment buildings ( 18.42%), large apartment complexes or high rise apartments ( 12.03%), and a few mobile homes or trailers ( 8.44%).

The most prevalent building size and type in Gardiner are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 62.32% owning and 37.68% renting.

The housing in Gardiner was primarily built before 1939 ( 41.53%), making the housing stock in Gardiner some of the oldest overall in America, although there is a range of ages of homes in Gardiner. The next most important housing age is between 1970-1999 ( 31.33%), followed by between 1940-1969 ( 19.63%). There's also some housing in Gardiner built between 2000 and later ( 7.52%).

Gardiner Home Appreciation Rates

Gardiner's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Gardiner during the period has been just -1.02%, which is lower than 70% of US communities.

Over the last year, Gardiner appreciation rates have trailed the rest of the nation. In the last twelve months, Gardiner's appreciation rate has been 1.55%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Gardiner were at 0.53%, which equates to an annual appreciation rate of 2.13%.

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

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

Average Home Values

 

Median Home Value:
$147,834

Gardiner, ME HOME PRICES

Value Range
> $1,044,000 0.0
$784,001 - $1,044,000 0.0
$522,001 - $784,000 0.0
$418,001 - $522,000 0.0
$313,001 - $418,000 6.8
$209,001 - $313,000 15.7
$105,001 - $209,000 54.8
$52,001 - $105,000 18.5
$0 - $52,000 4.2

Average for ME
Average for Nation

Value Relative to Nation Value Relative to State
51.8709375182995 59.0163934426229

Number Of Homes And Apartments:
2,498

Rent & Ownership

 

Average Market Rent:
$742 / per month

Homeownership Rate

Homeownership
Owners 62.32
Renters 37.68
Vacant 8.36

Housing Market Details

 

Age of Homes

AGE OF Gardiner HOMES
2000 or Newer 7.5
1970 - 1999 31.3
1940 - 1969 19.6
1939 or Older 41.5

Types of Homes

TYPE OF Gardiner HOMES
Single-Family 60.0
Townhomes 1.1
Small Apt. Buildings 18.4
Apt. Complexes 12.0
Mobile Homes 8.4
Other 0.0

Home Size

SIZE OF Gardiner HOMES
No Bedroom 1.36
1 Bedroom 12.00
2 Bedrooms 34.56
3 Bedrooms 35.11
4 Bedrooms 14.20
5 or more bedrooms 2.79

Gardiner 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
41.45% 2.06% 2 5
* 10 is highest