Yarmouth, ME
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Yarmouth Neighborhoods Since 2000




Yarmouth, 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

Yarmouth Housing Market Information

With a population of 8,543, 3,462 total housing units (homes and apartments), and a median house value of $361,260, Yarmouth house prices are not only among the most expensive in Maine, Yarmouth real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Yarmouth, accounting for 69.97% of the town's housing units. Other types of housing that are prevalent in Yarmouth include large apartment complexes or high rise apartments ( 13.07%), duplexes, homes converted to apartments or other small apartment buildings ( 9.90%), and a few row houses and other attached homes ( 6.28%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Yarmouth. Owner-occupied housing accounts for 73.37% of Yarmouth's homes, and 52.87% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Yarmouth 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 Yarmouth built before 1939 ( 22.10%). A lesser amount of the housing stock also hails from between 1940-1969 ( 17.80%). There's also some housing in Yarmouth built between 2000 and later ( 7.82%).

Yarmouth Home Appreciation Rates

Appreciation rates for homes in Yarmouth have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 6.74%, which ranks in the top 40% nationwide. This equates to an annual average Yarmouth house appreciation rate of 0.65%.

NeighborhoodScout's data show that during the latest twelve months, Yarmouth's appreciation rate, at 3.42%, has been at or slightly above the national average. In the latest quarter, Yarmouth's appreciation rate has been 0.64%, which annualizes to a rate of 2.56%.

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

Average Home Values

 

Median Home Value:
$361,260

Yarmouth, ME HOME PRICES

Value Range
> $1,135,000 2.1
$851,001 - $1,135,000 2.7
$567,001 - $851,000 17.8
$454,001 - $567,000 14.0
$340,001 - $454,000 16.5
$227,001 - $340,000 31.4
$113,001 - $227,000 10.4
$57,001 - $113,000 1.6
$0 - $57,000 3.4

Very High for ME
Very High for Nation

Value Relative to Nation Value Relative to State
11.417438181179 5.32786885245902

Number Of Homes And Apartments:
3,462

Yarmouth 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
62.00% 2.84% 6 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,146 / per month

Homeownership Rate

Homeownership
Owners 73.37
Renters 26.63
Vacant 6.33

Housing Market Details

 

Age of Homes

AGE OF Yarmouth HOMES
2000 or Newer 7.8
1970 - 1999 52.3
1940 - 1969 17.8
1939 or Older 22.1

Types of Homes

TYPE OF Yarmouth HOMES
Single-Family 70.0
Townhomes 6.3
Small Apt. Buildings 9.9
Apt. Complexes 13.1
Mobile Homes 0.8
Other 0.0

Home Size

SIZE OF Yarmouth HOMES
No Bedroom 3.63
1 Bedroom 10.15
2 Bedrooms 24.43
3 Bedrooms 34.47
4 Bedrooms 18.40
5 or more bedrooms 8.93