Living in Embden, ME
Embden, ME is a peaceful, rural community in Somerset County, known for its natural beauty and outdoor activities. With Embden Pond at its center, residents enjoy fishing, boating, and hiking year-round. It's a close-knit community that balances rural charm with nearby amenities in Skowhegan.
Current Market Conditions in Embden, ME
As of late 2023, the real estate market in Embden shows a stable yet slow growth with a steady demand for homes, particularly among those looking for a retreat from city life. Home prices are generally affordable compared to urban areas, making it attractive for first-time buyers and retirees alike.
The demand for properties near Embden Pond has increased due to the area's natural appeal, resulting in higher prices for homes with waterfront access. However, overall inventory remains limited, creating competition among buyers.
Home Value Estimator For Embden, ME
There are currently 438 real estate properties
in Embden, ME,
with a median automated valuation model (AVM) price
of $293,366.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Embden, 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 Embden, ME,
is $345,328.00, with the most expensive house
in Embden, ME, topping out
at $3,547,324.00 and the cheapest home
in Embden, ME,
clocking in at $18,800.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Embden, ME!
Rent Prices
In Embden, ME
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Embden, ME, is on
a rollercoaster ride. The
average rent price in Embden, ME,
is $920.00. Indeed, when looking to rent in
Embden, ME, you can expect to pay as little
as $670.00 or as much
as $1,350.00,
with the average rent median estimated to
be $820.00. The good news is that finding
an affordable and desirable property to rent in Embden, 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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