Windham, ME
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Windham, 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

Windham Housing Market Information

With 17,816 people, 6,450 houses or apartments, and a median cost of homes of $246,214, Windham real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Windham, accounting for 79.51% of the town's housing units. Other types of housing that are prevalent in Windham include duplexes, homes converted to apartments or other small apartment buildings ( 7.44%), large apartment complexes or high rise apartments ( 4.74%), and a few row houses and other attached homes ( 4.24%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Windham. Owner-occupied housing accounts for 78.99% of Windham's homes, and 59.21% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Windham 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 Windham built between 1940-1969 ( 21.61%). A lesser amount of the housing stock also hails from between 2000 and later ( 15.62%). There's also some housing in Windham built before 1939 ( 10.08%).

Vacant housing appears to be an issue in Windham. Fully 17.14% of the housing stock is classified as vacant. Left unchecked, vacant Windham homes and apartments can be a drag on the real estate market, holding Windham 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.

Windham Home Appreciation Rates

Real estate appreciation rates in Windham's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.63% during the period.

NeighborhoodScout's data show that during the latest twelve months, Windham's appreciation rate, at 5.23%, has been at or slightly above the national average. In the latest quarter, Windham's appreciation rate has been 0.64%, which annualizes to a rate of 2.56%.

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

Average Home Values

 

Median Home Value:
$246,214

Windham, ME HOME PRICES

Value Range
> $1,102,000 0.5
$827,001 - $1,102,000 0.7
$551,001 - $827,000 2.0
$441,001 - $551,000 5.6
$331,001 - $441,000 12.3
$221,001 - $331,000 39.5
$110,001 - $221,000 32.4
$55,001 - $110,000 1.8
$0 - $55,000 5.2

Very High for ME
High for Nation

Value Relative to Nation Value Relative to State
23.1395757646783 15.9836065573771

Number Of Homes And Apartments:
6,450

Windham 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
55.57% 2.60% 5 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,208 / per month

Homeownership Rate

Homeownership
Owners 78.99
Renters 21.01
Vacant 17.14

Housing Market Details

 

Age of Homes

AGE OF Windham HOMES
2000 or Newer 15.6
1970 - 1999 52.7
1940 - 1969 21.6
1939 or Older 10.1

Types of Homes

TYPE OF Windham HOMES
Single-Family 79.5
Townhomes 4.2
Small Apt. Buildings 7.4
Apt. Complexes 4.7
Mobile Homes 4.1
Other 0.0

Home Size

SIZE OF Windham HOMES
No Bedroom 0.50
1 Bedroom 11.05
2 Bedrooms 26.63
3 Bedrooms 44.85
4 Bedrooms 14.36
5 or more bedrooms 2.61