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 15,959, 6,403 total housing units (homes and apartments), and a median house value of $203,764, house prices in Waterville are solidly below the national average.
Single-family detached homes are the single most common housing type in Waterville, accounting for 40.20% of the city's housing units. Other types of housing that are prevalent in Waterville include duplexes, homes converted to apartments or other small apartment buildings ( 31.28%), large apartment complexes or high rise apartments ( 22.64%), and a few mobile homes or trailers ( 3.23%).
People in Waterville primarily live in small (one, two or no bedroom) single-family detached homes. Waterville has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Waterville 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 Waterville built between 1940-1969 ( 32.27%). A lesser amount of the housing stock also hails from before 1939 ( 29.18%). There's also some housing in Waterville built between 2000 and later ( 5.17%).
Real estate appreciation rates in Waterville's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.70% during the period.
Appreciation rates are so strong in Waterville that despite a nationwide downturn in the housing market, Waterville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Waterville appreciation rates continue to be some of the highest in America, at 7.03%, which is higher than appreciation rates in 76.86% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Waterville. Waterville appreciation rates in the latest quarter were at 3.12%, which equates to an annual appreciation rate of 13.06%.
Relative to Maine, our data show that Waterville's latest annual appreciation rate is lower than 60% of the other cities and towns in Maine.
$1,798 / per month