Wells, ME is a desirable community for homeowners due to its high median house value of $451,600. This is substantially higher than the US median house value of $338,100 and represents an incredible 12.21% appreciation in just one year. This makes Wells a great place for those who are looking to invest in real estate or purchase a home of their own. The strong appreciation rate helps ensure potential buyers that their investment will be a sound one, and make it an attractive option for those looking to relocate or purchase a vacation home.
The median home cost in Wells is $451,600. Home appreciation the last 10 years has been 95.8%. Home Appreciation in Wells is up 16.2%.
Average Age of Homes
- The median age of Wells real estate is 36 years old
The Rental Market in Wells
- Renters make up 9.0% of the Wells population
- 1.0% of houses and apartments in Wells, 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.