Maine
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Maine Real Estate Values & Housing Market 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 Q2 2018. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2016 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Average Home Values

Median Home Value:
$194,386

Number Of Homes And Apartments:
551,109

Maine Home Prices

Value Range
> $1,143,674 0.9
$858,007 - $1,143,674 1.0
$571,762 - $858,006 3.3
$457,677 - $571,761 3.9
$343,118 - $457,676 9.2
$229,001 - $343,117 22.9
$114,326 - $229,000 36.9
$57,200 - $114,325 14.1
$0 - $57,199 7.9

Maine Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2018 Q1 - 2018 Q2
2.51% 10.43%
7
Last 12 Months:
2017 Q2 - 2018 Q2
6.49% 6.49%
7
Last 2 Years:
2016 Q2 - 2018 Q2
12.10% 5.88%
6
Last 5 Years:
2013 Q2 - 2018 Q2
20.30% 3.77%
4
Last 10 Years:
2008 Q2 - 2018 Q2
8.22% 0.79%
3
Since 2000:
2000 Q1 - 2018 Q2
94.71% 3.72%
6
* 10 is highest


Rent & Homeownership

Average Market Rent:
$1,095 / per month

Homeownership Rate

Homeownership
Owners 69.56
Renters 30.44
Vacant 24.21

Housing Details

Age of Homes

AGE OF Maine HOMES
2000 or Newer 14.5
1970 - 1999 41.0
1940 - 1969 19.6
1939 or Older 24.9

Types of Homes

TYPE OF Maine HOMES
Single-Family 70.0
Townhomes 2.3
Small Apt. Buildings 10.7
Apt. Complexes 8.4
Mobile Homes 8.5
Other 0.0

Home Size

SIZE OF Maine HOMES
No Bedroom 2.83
1 Bedroom 11.87
2 Bedrooms 30.56
3 Bedrooms 37.85
4 Bedrooms 13.19
5 or more bedrooms 3.70