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Preforeclosure Homes in Madison, ME

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Living in Madison, ME

Madison, ME is a quaint town known for its serene landscapes and a tight-knit community. It offers a balanced lifestyle with access to outdoor activities and essential amenities. With local schools and a welcoming environment, it appeals to families and investors alike looking for potential real estate opportunities.

Current Market Conditions in Madison, ME

The real estate market in Madison, ME is competitive but still offers a range of affordable properties. Investors will find opportunities in both single-family homes and multi-family units, with prices reflecting the town's small-town charm and proximity to nature.

Recent trends indicate a growing interest in Madison as people seek more affordable housing options outside of urban areas. With a steady influx of families and retirees, the demand for real estate is expected to rise, making it a prudent time for investments in this market.

Home Value Estimator For Madison, ME

There are currently 2,079 real estate properties in Madison, ME, with a median automated valuation model (AVM) price of $200,348.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Madison, 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 Madison, ME, is $231,239.00, with the most expensive house in Madison, ME, topping out at $1,666,700.00 and the cheapest home in Madison, ME, clocking in at $10,429.00. In other words, there’s something for every potential homebuyer or savvy investor in Madison, ME!

Rent Prices In Madison, ME

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Madison, ME, is on a rollercoaster ride. The average rent price in Madison, ME, is $920.00. Indeed, when looking to rent in Madison, ME, you can expect to pay as little as $630.00 or as much as $1,350.00, with the average rent median estimated to be $890.00. The good news is that finding an affordable and desirable property to rent in Madison, 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.

Madison, ME Preforeclosure Homes


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