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Preforeclosure Homes in Lewiston, ME

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Living in Lewiston, ME

Lewiston, ME, is a vibrant city steeped in history, offering a unique blend of urban convenience and natural beauty. With numerous parks, recreational activities, and a strong sense of community, it provides a great environment for families and individuals alike. The city's excellent educational opportunities and easy access to larger cities make it an appealing location for real estate investment.

Current Market Conditions in Lewiston, ME

The real estate market in Lewiston is currently experiencing moderate growth, making it an attractive location for investor interest. Home prices have steadily increased over the past few years, indicating a healthy demand for housing in the area.

Current trends show a shift toward renovations and upgrades, as buyers are looking for modern comforts in historic homes. The rental market is also robust, with a demand for both single-family homes and multi-family units, indicating a diverse range of investment opportunities.

Home Value Estimator For Lewiston, ME

There are currently 13,105 real estate properties in Lewiston, ME, with a median automated valuation model (AVM) price of $281,041.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Lewiston, 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 Lewiston, ME, is $302,834.00, with the most expensive house in Lewiston, ME, topping out at $13,456,139.00 and the cheapest home in Lewiston, ME, clocking in at $11,376.00. In other words, there’s something for every potential homebuyer or savvy investor in Lewiston, ME!

Rent Prices In Lewiston, ME

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Lewiston, ME, is on a rollercoaster ride. The average rent price in Lewiston, ME, is $1,064.00. Indeed, when looking to rent in Lewiston, ME, you can expect to pay as little as $680.00 or as much as $1,470.00, with the average rent median estimated to be $1,080.00. The good news is that finding an affordable and desirable property to rent in Lewiston, 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.

Lewiston, ME Preforeclosure Homes


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