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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 9,741, 4,181 total housing units (homes and apartments), and a median house value of $432,409, Topsham real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Topsham, accounting for 69.74% of the town's housing units. Other types of housing that are prevalent in Topsham include duplexes, homes converted to apartments or other small apartment buildings ( 12.61%), mobile homes or trailers ( 8.50%), and a few large apartment complexes or high rise apartments ( 5.75%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Topsham. Owner-occupied housing accounts for 75.68% of Topsham's homes, and 54.53% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Topsham 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 Topsham built between 2000 and later ( 25.03%). A lesser amount of the housing stock also hails from between 1940-1969 ( 17.38%). There's also some housing in Topsham built before 1939 ( 14.85%).
In the last 10 years, Topsham has experienced some of the highest home appreciation rates of any community in the nation. Topsham real estate appreciated 122.47% over the last ten years, which is an average annual home appreciation rate of 8.32%, putting Topsham in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Topsham definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Appreciation rates are so strong in Topsham that despite a nationwide downturn in the housing market, Topsham real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Topsham appreciation rates continue to be some of the highest in America, at 11.61%, which is higher than appreciation rates in 98.56% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Topsham. Topsham appreciation rates in the latest quarter were at 3.59%, which equates to an annual appreciation rate of 15.16%.
Importantly, this makes Topsham one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to Maine, our data show that Topsham's latest annual appreciation rate is higher than 60% of the other cities and towns in Maine.
$432,409
for Maine
for nation
4,181
$2,161 / per month