Gardiner, ME
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Gardiner Neighborhoods Since 2000




Gardiner, 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

Gardiner Housing Market Information

With 5,597 people, 2,470 houses or apartments, and a median cost of homes of $150,709, 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 61.02% 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 ( 16.85%), large apartment complexes or high rise apartments ( 12.45%), and a few mobile homes or trailers ( 8.58%).

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 61.69% owning and 38.31% renting.

The housing in Gardiner was primarily built before 1939 ( 40.78%), 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 ( 32.58%), followed by between 1940-1969 ( 19.53%). There's also some housing in Gardiner built between 2000 and later ( 7.11%).

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 -0.86%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Gardiner's appreciation rate, at 3.89%, has been at or slightly above the national average. In the latest quarter, Gardiner's appreciation rate has been 1.58%, which annualizes to a rate of 6.47%.

Relative to Maine, our data show that Gardiner's latest annual appreciation rate is lower than 60% of the other cities and towns in Maine.

Average Home Values

 

Median Home Value:
$150,709

Gardiner, ME HOME PRICES

Value Range
> $1,051,000 0.0
$788,001 - $1,051,000 0.0
$526,001 - $788,000 0.0
$420,001 - $526,000 0.8
$315,001 - $420,000 4.3
$210,001 - $315,000 11.8
$105,001 - $210,000 60.3
$52,001 - $105,000 20.0
$0 - $52,000 2.8

Average for ME
Average for Nation

Value Relative to Nation Value Relative to State
49.6425641626626 58.1967213114754

Number Of Homes And Apartments:
2,470

Gardiner 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
46.55% 2.24% 3 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$848 / per month

Homeownership Rate

Homeownership
Owners 61.69
Renters 38.31
Vacant 7.07

Housing Market Details

 

Age of Homes

AGE OF Gardiner HOMES
2000 or Newer 7.1
1970 - 1999 32.6
1940 - 1969 19.5
1939 or Older 40.8

Types of Homes

TYPE OF Gardiner HOMES
Single-Family 61.0
Townhomes 1.1
Small Apt. Buildings 16.9
Apt. Complexes 12.5
Mobile Homes 8.6
Other 0.0

Home Size

SIZE OF Gardiner HOMES
No Bedroom 0.60
1 Bedroom 11.10
2 Bedrooms 35.82
3 Bedrooms 34.73
4 Bedrooms 15.05
5 or more bedrooms 2.71