Living in Pembroke, ME
Pembroke, Maine, is a picturesque coastal town that offers residents a tranquil lifestyle enriched by nature and community spirit. With various outdoor activities at hand and local shops that reflect the town’s culture, Pembroke is ideal for families, retirees, or anyone seeking a peaceful living environment. Its close-knit community adds to its charm, making it a delightful place to call home.
Current Market Conditions in Pembroke, ME
The real estate market in Pembroke is currently seeing steady growth, primarily due to its appeal as a quiet retreat away from urban life. Property values have been gradually increasing, attracting interest from both retirees looking for peaceful living and investors seeking opportunities in the Maine real estate market.
Inventory is limited in Pembroke, which has led to competitive listing environments. Homes, especially those close to the waterfront, tend to see swift sales, while investors are capitalizing on the rising demand for vacation rentals and seasonal homes.
Home Value Estimator For Pembroke, ME
There are currently 380 real estate properties
in Pembroke, ME,
with a median automated valuation model (AVM) price
of $157,670.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Pembroke, 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 Pembroke, ME,
is $188,343.00, with the most expensive house
in Pembroke, ME, topping out
at $1,207,089.00 and the cheapest home
in Pembroke, ME,
clocking in at $39,354.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Pembroke, ME!
Rent Prices
In Pembroke, ME
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Pembroke, ME, is on
a rollercoaster ride. The
average rent price in Pembroke, ME,
is $838.00. Indeed, when looking to rent in
Pembroke, ME, you can expect to pay as little
as $750.00 or as much
as $1,190.00,
with the average rent median estimated to
be $780.00. The good news is that finding
an affordable and desirable property to rent in Pembroke, 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.
Learn more on Foreclosure homes
