Cheap Homes in Biddeford, ME 04005

Current Market Conditions in Biddeford, ME

The real estate market in Biddeford has seen a notable increase in activity over the past year. The influx of new residents and businesses has stimulated demand for both residential and commercial properties. Housing prices have been on the rise, primarily due to the limited inventory of homes for sale. Biddeford's appeal as a coastal town with access to amenities has made it a desirable location for buyers seeking both permanent residences and vacation homes.

The rental market is also robust, with increasing rents reflecting the area's growth and popularity. Investors are keen to explore opportunities in Biddeford, especially in multi-family housing and properties suitable for vacation rentals due to the city's proximity to the beach.

Rent Prices In Biddeford, ME

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Biddeford, ME, is on a rollercoaster ride. The average rent price in Biddeford, ME, is $1,378.00. Indeed, when looking to rent in Biddeford, ME, you can expect to pay as little as $600.00 or as much as $2,700.00, with the average rent median estimated to be $1,340.00. The good news is that finding an affordable and desirable property to rent in Biddeford, 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.