York, ME
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating York Neighborhoods Since 2000




York, 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

York Housing Market Information

With a population of 12,862, 5,669 total housing units (homes and apartments), and a median house value of $427,402, York house prices are not only among the most expensive in Maine, York 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 York, accounting for 79.56% of the town's housing units. Other types of housing that are prevalent in York include duplexes, homes converted to apartments or other small apartment buildings ( 9.91%), large apartment complexes or high rise apartments ( 4.91%), and a few row houses and other attached homes ( 3.00%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in York. Owner-occupied housing accounts for 79.26% of York's homes, and 54.27% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in York 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 York built before 1939 ( 26.23%). A lesser amount of the housing stock also hails from between 1940-1969 ( 16.84%). There's also some housing in York built between 2000 and later ( 12.80%).

A decent proportion of the York housing stock is seasonally occupied. That is, homes and condos in York are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the York housing market speaks to its popularity as a vacation location of choice.

York Home Appreciation Rates

Real estate appreciation rates in York's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.33% during the period.

Appreciation rates are so strong in York that despite a nationwide downturn in the housing market, York real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, York appreciation rates continue to be some of the highest in America, at 5.95%, which is higher than appreciation rates in 73.64% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in York. York appreciation rates in the latest quarter were at 0.64%, which equates to an annual appreciation rate of 2.56%.

Relative to Maine, our data show that York's latest annual appreciation rate is higher than 80% of the other cities and towns in Maine.

Average Home Values

 

Median Home Value:
$427,402

York, ME HOME PRICES

Value Range
> $1,110,000 4.6
$832,001 - $1,110,000 3.3
$555,001 - $832,000 15.9
$444,001 - $555,000 14.9
$333,001 - $444,000 32.9
$222,001 - $333,000 19.0
$111,001 - $222,000 6.0
$55,001 - $111,000 0.6
$0 - $55,000 2.8

Very High for ME
Very High for Nation

Value Relative to Nation Value Relative to State
8.25032227821399 2.45901639344262

Number Of Homes And Apartments:
5,669

York 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
56.57% 2.63% 5 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,370 / per month

Homeownership Rate

Homeownership
Owners 79.26
Renters 20.74
Vacant 35.65

Housing Market Details

 

Age of Homes

AGE OF York HOMES
2000 or Newer 12.8
1970 - 1999 44.1
1940 - 1969 16.8
1939 or Older 26.2

Types of Homes

TYPE OF York HOMES
Single-Family 79.6
Townhomes 3.0
Small Apt. Buildings 9.9
Apt. Complexes 4.9
Mobile Homes 2.6
Other 0.0

Home Size

SIZE OF York HOMES
No Bedroom 3.51
1 Bedroom 7.58
2 Bedrooms 28.82
3 Bedrooms 37.97
4 Bedrooms 16.30
5 or more bedrooms 5.82