Saco, ME
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Saco Neighborhoods Since 2000




Saco, 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

Saco Housing Market Information

With a population of 19,078, 7,847 total housing units (homes and apartments), and a median house value of $240,307, Saco real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Saco, accounting for 58.27% of the city's housing units. Other types of housing that are prevalent in Saco include duplexes, homes converted to apartments or other small apartment buildings ( 21.72%), large apartment complexes or high rise apartments ( 13.15%), and a few row houses and other attached homes ( 4.06%).

The most prevalent building size and type in Saco are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 62.13% owning and 37.87% renting.

There is a lot of housing in Saco 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 Saco built before 1939 ( 31.93%). A lesser amount of the housing stock also hails from between 1940-1969 ( 16.65%). There's also some housing in Saco built between 2000 and later ( 13.06%).

Saco Home Appreciation Rates

Real estate appreciation rates in Saco's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.44% during the period.

NeighborhoodScout's data show that during the latest twelve months, Saco's appreciation rate, at 4.33%, has been at or slightly above the national average. In the latest quarter, Saco's appreciation rate has been 0.64%, which annualizes to a rate of 2.56%.

Relative to Maine, our data show that Saco's latest annual appreciation rate is lower than 50% of the other cities and towns in Maine.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Saco differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Saco - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Saco real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$240,307

Saco, ME HOME PRICES

Value Range
> $1,097,000 0.8
$823,001 - $1,097,000 1.0
$548,001 - $823,000 1.6
$439,001 - $548,000 4.0
$329,001 - $439,000 15.8
$219,001 - $329,000 41.9
$110,001 - $219,000 27.3
$55,001 - $110,000 2.4
$0 - $55,000 5.4

Very High for ME
High for Nation

Value Relative to Nation Value Relative to State
24.0712527833118 16.8032786885246

Number Of Homes And Apartments:
7,847

Saco 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
60.44% 2.78% 6 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,135 / per month

Homeownership Rate

Homeownership
Owners 62.13
Renters 37.87
Vacant 8.27

Housing Market Details

 

Age of Homes

AGE OF Saco HOMES
2000 or Newer 13.1
1970 - 1999 38.4
1940 - 1969 16.6
1939 or Older 31.9

Types of Homes

TYPE OF Saco HOMES
Single-Family 58.3
Townhomes 4.1
Small Apt. Buildings 21.7
Apt. Complexes 13.2
Mobile Homes 2.8
Other 0.0

Home Size

SIZE OF Saco HOMES
No Bedroom 1.02
1 Bedroom 10.26
2 Bedrooms 34.77
3 Bedrooms 36.93
4 Bedrooms 13.34
5 or more bedrooms 3.68