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Preforeclosure Homes in Lewiston, ME

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Living in Lewiston, ME

Lewiston, ME is a city rich in culture and community spirit, nestled along the Androscoggin River. Known for its diverse population and vibrant events, it offers a blend of outdoor recreation and urban convenience. With a variety of amenities and educational opportunities, Lewiston is an appealing choice for families and professionals alike.

Current Market Conditions in Lewiston, ME

The Lewiston real estate market has shown resilience and growth in recent months, with a steady increase in property values fueled by demand in a strong job market. Buyers are attracted to the city's affordable housing options compared to neighboring cities like Portland, leading to increased competition and quicker sales.

Rental properties in Lewiston are also in demand, with many professionals and families seeking housing close to the city’s amenities and education institutions. This trend indicates a robust investment opportunity for landlords and real estate investors.

Home Value Estimator For Lewiston, ME

There are currently 13,087 real estate properties in Lewiston, ME, with a median automated valuation model (AVM) price of $291,652.00. 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 $311,821.00, with the most expensive house in Lewiston, ME, topping out at $14,152,523.00 and the cheapest home in Lewiston, ME, clocking in at $12,093.00. 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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