Living in Deer Isle, ME
Deer Isle, ME is a serene coastal town known for its natural beauty and community spirit. Offering a plethora of outdoor activities and cultural events, it is an ideal place for families and retirees. Rich in history, Deer Isle boasts a vibrant arts scene and is surrounded by stunning landscapes.
Current Market Conditions in Deer Isle, ME
The real estate market in Deer Isle, ME has been experiencing steady growth over the past few years, driven by increasing interest from both local and out-of-state buyers. Properties, especially those near the coastline, are becoming increasingly sought after, which has resulted in a moderate rise in property values.
With the ongoing trend of remote work, more people are looking to move to picturesque and quieter locations like Deer Isle, making it a prime market for real estate investment. Investors can expect favorable conditions as demand continues to grow, particularly for vacation homes and rental properties.
Home Value Estimator For Deer Isle, ME
There are currently 496 real estate properties
in Deer Isle, ME,
with a median automated valuation model (AVM) price
of $352,683.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Deer Isle, 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 Deer Isle, ME,
is $466,057.00, with the most expensive house
in Deer Isle, ME, topping out
at $4,988,969.00 and the cheapest home
in Deer Isle, ME,
clocking in at $30,940.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Deer Isle, ME!
Rent Prices
In Deer Isle, ME
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Deer Isle, ME, is on
a rollercoaster ride. The
average rent price in Deer Isle, ME,
is $883.00. Indeed, when looking to rent in
Deer Isle, ME, you can expect to pay as little
as $760.00 or as much
as $1,350.00,
with the average rent median estimated to
be $860.00. The good news is that finding
an affordable and desirable property to rent in Deer Isle, 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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