Living in Burnham, ME
Burnham, ME is a picturesque town that offers a tranquil lifestyle surrounded by nature. It provides access to outdoor recreational activities, quality education, and a strong sense of community. The area is ideal for those looking to escape urban life and enjoy a more rural setting.
Current Market Conditions in Burnham, ME
The real estate market in Burnham is currently stable, with a mix of affordable homes and some higher-end properties. Investors can find opportunities in both the rental and purchase markets as demand for homes remains steady, particularly among families and retirees looking for a quieter lifestyle.
Home values in Burnham are relatively modest, making it an attractive place for first-time homebuyers and real estate investors. The growth potential in the area is supported by its scenic beauty, outdoor offerings, and tight-knit community appeal.
Home Value Estimator For Burnham, ME
There are currently 275 real estate properties
in Burnham, ME,
with a median automated valuation model (AVM) price
of $199,000.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Burnham, ME, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Burnham, ME,
is $213,269.00, with the most expensive house
in Burnham, ME, topping out
at $686,005.00 and the cheapest home
in Burnham, ME,
clocking in at $60,451.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Burnham, ME!
Rent Prices
In Burnham, ME
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Burnham, ME, is on
a rollercoaster ride. The
average rent price in Burnham, ME,
is $1,005.00. Indeed, when looking to rent in
Burnham, ME, you can expect to pay as little
as $900.00 or as much
as $1,350.00,
with the average rent median estimated to
be $1,020.00. The good news is that finding
an affordable and desirable property to rent in Burnham, 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.
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