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Preforeclosure Homes in Orrs Island, ME

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Orrs Island, ME Foreclosures

How much do homes sell for in Orrs Island, ME?
The average home price is currently $800,827.
In Orrs Island, ME, how many homes are available?
There are currently 212 active home listings available in Orrs Island.
What’s the average rental cost in Orrs Island, ME?
The average rental price in Orrs Island is $1,863.
What is the most expensive home in Orrs Island?
The most expensive home sold in Orrs Island had a price of $2,813,433.
What is currently the cheapest priced home in Orrs Island, ME?
The cheapest home for sale in Orrs Island is priced at $157,604.

Living in Orrs Island, ME

Orrs Island, located in the heart of Maine's beautiful Casco Bay, is a peaceful island community known for its stunning coastal views and charming atmosphere. Residents enjoy a close-knit community with access to local amenities, beautiful parks, and excellent recreational activities. With its serene lifestyle and picturesque landscapes, Orrs Island is a hidden gem for those seeking tranquility and natural beauty.

Current Market Conditions in Orrs Island, ME

The real estate market in Orrs Island has seen a steady demand over the past year, with properties maintaining a strong value due to their desirable location and scenic settings. The coastal appeal of the island attracts buyers looking for vacation homes as well as permanent residences, creating a competitive market.

As home values have increased, some properties have been rapidly sold due to limited inventory. Buyers are advised to act quickly when they find a suitable listing, as homes in Orrs Island typically do not stay on the market for long.

Home Value Estimator For Orrs Island, ME

There are currently 370 real estate properties in Orrs Island, ME, with a median automated valuation model (AVM) price of $711,012.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Orrs Island, 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 Orrs Island, ME, is $800,827.00, with the most expensive house in Orrs Island, ME, topping out at $2,813,433.00 and the cheapest home in Orrs Island, ME, clocking in at $157,604.00. In other words, there’s something for every potential homebuyer or savvy investor in Orrs Island, ME!

Rent Prices In Orrs Island, ME

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Orrs Island, ME, is on a rollercoaster ride. The average rent price in Orrs Island, ME, is $1,863.00. Indeed, when looking to rent in Orrs Island, ME, you can expect to pay as little as $1,290.00 or as much as $2,710.00, with the average rent median estimated to be $1,840.00. The good news is that finding an affordable and desirable property to rent in Orrs Island, 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.

Orrs Island, ME Preforeclosure Homes


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