Living in Hampden, ME
Hampden is a charming town located in Penobscot County, Maine. Known for its scenic beauty and small-town charm, it offers a peaceful living environment with a strong sense of community. Residents enjoy access to local parks, excellent schools, and a variety of recreational activities, making it an ideal place for families and outdoor enthusiasts alike.
Current Market Conditions in Hampden, ME
Hampden's real estate market has shown steady growth, with an increase in both home prices and sales volume over the past year. The demand for homes in this picturesque town, coupled with its excellent schools and family-friendly atmosphere, has attracted many buyers. Inventory levels, however, remain low, contributing to a competitive market in which homes often sell quickly, sometimes even above the asking price.
Due to the stable economy and continued interest in suburb living, Hampden is positioning itself as a desirable location for homebuyers. The appeal of living close to Bangor while enjoying the advantages of a quiet town boosts demand.
Home Value Estimator For Hampden, ME
There are currently 2,923 real estate properties
in Hampden, ME,
with a median automated valuation model (AVM) price
of $356,216.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Hampden, 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 Hampden, ME,
is $406,469.00, with the most expensive house
in Hampden, ME, topping out
at $7,514,855.00 and the cheapest home
in Hampden, ME,
clocking in at $23,300.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Hampden, ME!
Rent Prices
In Hampden, ME
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Hampden, ME, is on
a rollercoaster ride. The
average rent price in Hampden, ME,
is $1,965.00. Indeed, when looking to rent in
Hampden, ME, you can expect to pay as little
as $870.00 or as much
as $2,020.00,
with the average rent median estimated to
be $2,020.00. The good news is that finding
an affordable and desirable property to rent in Hampden, 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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