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Preforeclosure Homes in Milbridge, ME

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Living in Milbridge, ME

Milbridge, ME, captures the essence of coastal living with its scenic views and a welcoming community. This quaint town offers a combination of outdoor activities, local culture, and essential amenities, making it an ideal place for families and retirees alike. With its rich heritage and access to the ocean, Milbridge is a hidden gem on the Maine coast.

Current Market Conditions in Milbridge, ME

The real estate market in Milbridge is currently experiencing a gradual increase in demand, driven by interest in rural living and coastal properties. Recent trends show a rise in home values as more people seek to escape urban environments for towns like Milbridge, known for its beauty and tranquility.

Investors can find opportunities ranging from affordable properties to more upscale homes, with prices generally lower than the Maine state average. As the demand for vacation homes and primary residences grows, it presents potential long-term value for those investing in Milbridge.

Home Value Estimator For Milbridge, ME

There are currently 564 real estate properties in Milbridge, ME, with a median automated valuation model (AVM) price of $187,800.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Milbridge, 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 Milbridge, ME, is $241,421.00, with the most expensive house in Milbridge, ME, topping out at $2,702,285.00 and the cheapest home in Milbridge, ME, clocking in at $17,784.00. In other words, there’s something for every potential homebuyer or savvy investor in Milbridge, ME!

Rent Prices In Milbridge, ME

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Milbridge, ME, is on a rollercoaster ride. The average rent price in Milbridge, ME, is $1,010.00. Indeed, when looking to rent in Milbridge, ME, you can expect to pay as little as $950.00 or as much as $1,350.00, with the average rent median estimated to be $970.00. The good news is that finding an affordable and desirable property to rent in Milbridge, 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.

Milbridge, ME Preforeclosure Homes


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