Topsham, ME
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Topsham, 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

Topsham Housing Market Information

With a population of 8,751, 3,778 total housing units (homes and apartments), and a median house value of $249,723, 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 66.73% of the town's housing units. Other types of housing that are prevalent in Topsham include large apartment complexes or high rise apartments ( 10.87%), duplexes, homes converted to apartments or other small apartment buildings ( 10.44%), and a few mobile homes or trailers ( 6.44%).

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 74.36% of Topsham's homes, and 54.44% 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 ( 17.58%). A lesser amount of the housing stock also hails from between 1940-1969 ( 15.98%). There's also some housing in Topsham built before 1939 ( 10.06%).

Topsham Home Appreciation Rates

Real estate appreciation rates in Topsham's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.54% during the period.

Over the last year, Topsham appreciation rates have trailed the rest of the nation. In the last twelve months, Topsham's appreciation rate has been 2.98%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Topsham were at 0.64%, which equates to an annual appreciation rate of 2.56%.

Relative to Maine, our data show that Topsham's latest annual appreciation rate is lower than 70% of the other cities and towns in Maine.

Average Home Values

 

Median Home Value:
$249,723

Topsham, ME HOME PRICES

Value Range
> $1,080,000 0.2
$810,001 - $1,080,000 0.6
$540,001 - $810,000 1.7
$433,001 - $540,000 2.4
$324,001 - $433,000 9.6
$216,001 - $324,000 40.6
$108,001 - $216,000 36.1
$54,001 - $108,000 1.9
$0 - $54,000 6.9

Very High for ME
High for Nation

Value Relative to Nation Value Relative to State
22.5477557717098 15.5737704918033

Number Of Homes And Apartments:
3,778

Topsham 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
42.84% 2.09% 2 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,065 / per month

Homeownership Rate

Homeownership
Owners 74.36
Renters 25.64
Vacant 9.51

Housing Market Details

 

Age of Homes

AGE OF Topsham HOMES
2000 or Newer 17.6
1970 - 1999 56.4
1940 - 1969 16.0
1939 or Older 10.1

Types of Homes

TYPE OF Topsham HOMES
Single-Family 66.7
Townhomes 5.5
Small Apt. Buildings 10.4
Apt. Complexes 10.9
Mobile Homes 6.4
Other 0.0

Home Size

SIZE OF Topsham HOMES
No Bedroom 1.10
1 Bedroom 10.06
2 Bedrooms 32.50
3 Bedrooms 41.29
4 Bedrooms 13.15
5 or more bedrooms 1.89