As-is Deals in Auburn, ME

Current Market Conditions in Auburn, ME

Auburn's real estate market has shown steady growth over the past year, with home prices rising due to increased demand and limited inventory. The average home price has gone up by approximately 5% since last year, making it a competitive market for buyers. Interest rates have remained relatively low compared to national averages, further encouraging home purchases and investments in the area.

New construction is on the rise, responding to the demand for affordable housing options. Young families and first-time buyers are particularly attracted to the city due to its family-friendly environment and high-quality schools.

Rent Prices In Auburn, ME

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Auburn, ME, is on a rollercoaster ride. The average rent price in Auburn, ME, is $1,212.00. Indeed, when looking to rent in Auburn, ME, you can expect to pay as little as $720.00 or as much as $1,920.00, with the average rent median estimated to be $1,210.00. The good news is that finding an affordable and desirable property to rent in Auburn, ME -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.