Housing in 04003 Bailey Island, ME is extremely expensive compared to the national median value. The median housing value in 04003 Bailey Island, ME is $658,900 while the national median is only $338,100. This suggests that the area enjoys a particularly strong real estate market with 1 year appreciation of 12.21%, which is significantly higher than the US average of 8.27%. Therefore, it could be concluded that 04003 Bailey Island, ME is an excellent location for those looking to invest in pricey real estate for growth potential.
The median home cost in Bailey Island (zip 04003) is $658,900. Home appreciation the last 10 years has been 95.8%. Home Appreciation in Bailey Island (zip 04003) is up 16.2%.
Average Age of Homes
- The median age of Bailey Island (zip 04003) real estate is 66 years old
The Rental Market in Bailey Island (zip 04003)
- Renters make up 1.0% of the Bailey Island (zip 04003) population
- 0.0% of houses and apartments in Bailey Island (zip 04003), are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.