Waterville, ME
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Waterville Neighborhoods Since 2000




Waterville, 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

Waterville Housing Market Information

With a population of 16,261, 6,764 total housing units (homes and apartments), and a median house value of $124,148, 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 46.13% 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 ( 28.55%), large apartment complexes or high rise apartments ( 19.56%), and a few mobile homes or trailers ( 3.39%).

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.

The housing in Waterville was primarily built before 1939 ( 38.10%), making the housing stock in Waterville some of the oldest overall in America, although there is a range of ages of homes in Waterville. The next most important housing age is between 1940-1969 ( 36.19%), followed by between 1970-1999 ( 23.18%). There's also some housing in Waterville built between 2000 and later ( 2.53%).

Vacant housing appears to be an issue in Waterville. Fully 10.10% of the housing stock is classified as vacant. Left unchecked, vacant Waterville homes and apartments can be a drag on the real estate market, holding Waterville real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Waterville Home Appreciation Rates

Waterville's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Waterville during the period has been just -0.94%, which is lower than 70% of US communities.

Over the last year, Waterville appreciation rates have trailed the rest of the nation. In the last twelve months, Waterville's appreciation rate has been 1.29%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Waterville were at 1.58%, which equates to an annual appreciation rate of 6.47%.

Relative to Maine, our data show that Waterville's latest annual appreciation rate is lower than 90% of the other cities and towns in Maine.

Average Home Values

 

Median Home Value:
$124,148

Waterville, ME HOME PRICES

Value Range
> $1,042,000 0.1
$781,001 - $1,042,000 0.0
$521,001 - $781,000 1.7
$417,001 - $521,000 0.0
$313,001 - $417,000 3.0
$208,001 - $313,000 12.8
$104,001 - $208,000 39.1
$52,001 - $104,000 25.9
$0 - $52,000 17.5

Low for ME
Low for Nation

Value Relative to Nation Value Relative to State
63.0405484589242 76.6393442622951

Number Of Homes And Apartments:
6,764

Waterville 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
34.05% 1.71% 1 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$798 / per month

Homeownership Rate

Homeownership
Owners 41.61
Renters 58.39
Vacant 10.10

Housing Market Details

 

Age of Homes

AGE OF Waterville HOMES
2000 or Newer 2.5
1970 - 1999 23.2
1940 - 1969 36.2
1939 or Older 38.1

Types of Homes

TYPE OF Waterville HOMES
Single-Family 46.1
Townhomes 2.4
Small Apt. Buildings 28.5
Apt. Complexes 19.6
Mobile Homes 3.4
Other 0.0

Home Size

SIZE OF Waterville HOMES
No Bedroom 4.52
1 Bedroom 23.75
2 Bedrooms 25.93
3 Bedrooms 32.80
4 Bedrooms 9.95
5 or more bedrooms 3.04