The housing market in 04056 Newfield, ME is quite strong, with a median value of $221,400. This is significantly lower than the US median value of $338,100, and yet the rate of appreciation in this area is 12.21%, higher than the US's 8.27%. This could be due to its proximity to major cities like Portland and Augusta as well as its small-town charm. With such strong appreciation rates and relatively affordable prices, it's no surprise that 04056 Newfield is becoming an increasingly popular destination for homebuyers.
The median home cost in Newfield (zip 04056) is $221,400. Home appreciation the last 10 years has been 95.8%. Home Appreciation in Newfield (zip 04056) is up 16.2%.
Average Age of Homes
- The median age of Newfield (zip 04056) real estate is 26 years old
The Rental Market in Newfield (zip 04056)
- Renters make up 20.0% of the Newfield (zip 04056) population
- 0.0% of houses and apartments in Newfield (zip 04056), 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.