York, ME
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating York Neighborhoods Since 2000




York, ME Real Estate Data


York Housing Market Information

With a population of 12,862, 5,697 total housing units (homes and apartments), and a median house value of $404,369, 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 78.94% 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 ( 10.52%), large apartment complexes or high rise apartments ( 4.90%), and a few row houses and other attached homes ( 2.97%).

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 77.92% of York's homes, and 52.40% 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 ( 25.07%). A lesser amount of the housing stock also hails from between 1940-1969 ( 17.58%). There's also some housing in York built between 2000 and later ( 13.41%).

Vacant housing appears to be an issue in York. Fully 35.47% of the housing stock is classified as vacant. Left unchecked, vacant York homes and apartments can be a drag on the real estate market, holding York 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.

York Home Appreciation Rates

York's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in York during the period has been just -0.69%, which is lower than 70% of US communities.

Over the last year, York appreciation rates have trailed the rest of the nation. In the last twelve months, York's appreciation rate has been 3.83%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in York were at 0.74%, which equates to an annual appreciation rate of 3.01%.

Notably, York's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Maine, our data show that York's latest annual appreciation rate is higher than 60% of the other cities and towns in Maine.

Average Home Values

 

Median Home Value:
$404,369

York, ME HOME PRICES

Value Range
> $1,096,000 4.9
$822,001 - $1,096,000 5.1
$548,001 - $822,000 15.9
$439,001 - $548,000 11.6
$329,001 - $439,000 31.4
$219,001 - $329,000 20.9
$110,001 - $219,000 7.3
$55,001 - $110,000 0.6
$0 - $55,000 2.3

Very High for ME
Very High for Nation

Value Relative to Nation Value Relative to State
9.50986707267084 3.27868852459016

Number Of Homes And Apartments:
5,697

Rent & Ownership

 

Average Market Rent:
$1,299 / per month

Homeownership Rate

Homeownership
Owners 77.92
Renters 22.08
Vacant 35.47

Housing Market Details

 

Age of Homes

AGE OF York HOMES
2000 or Newer 13.4
1970 - 1999 43.9
1940 - 1969 17.6
1939 or Older 25.1

Types of Homes

TYPE OF York HOMES
Single-Family 78.9
Townhomes 3.0
Small Apt. Buildings 10.5
Apt. Complexes 4.9
Mobile Homes 2.7
Other 0.0

Home Size

SIZE OF York HOMES
No Bedroom 2.88
1 Bedroom 6.98
2 Bedrooms 31.40
3 Bedrooms 37.37
4 Bedrooms 15.03
5 or more bedrooms 6.35

York Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
ME*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
51.27% 2.46% 4 6
* 10 is highest