Rome, ME Foreclosures
How much do homes sell for in Rome, ME?
The average home price is currently $381,307.
What’s the average rental cost in Rome, ME?
The average rental price in Rome is $1,070.
What is the most expensive home in Rome?
The most expensive home sold in Rome had a price of $1,816,670.
What is currently the cheapest priced home in Rome, ME?
The cheapest home for sale in Rome is priced at $68,357.
Living in Rome, ME
Rome, ME, is a picturesque town in Kennebec County renowned for its beautiful lakes and tranquil surroundings. With ample opportunities for outdoor activities and a close-knit community atmosphere, Rome offers a perfect blend of peace and recreation for its residents.
Current Market Conditions in Rome, ME
The local real estate market in Rome, ME, is showing signs of gradual growth. With its stunning surroundings and peaceful living, home values are slowly increasing as more buyers discover the beauty of this lakeside community. Homes are selling at a steady pace, indicating stable demand among buyers looking for second homes or retirement options.
Despite being a small town, Rome has seen an influx of interest from buyers seeking to escape busier urban areas. The market remains competitive, with limited inventory driving prices up slightly as demand increases. Those looking to invest in real estate in this area should be prepared for challenges in finding the right property.
Home Value Estimator For Rome, ME
There are currently 295 real estate properties
in Rome, ME,
with a median automated valuation model (AVM) price
of $277,607.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Rome, 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 Rome, ME,
is $381,307.00, with the most expensive house
in Rome, ME, topping out
at $1,816,670.00 and the cheapest home
in Rome, ME,
clocking in at $68,357.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Rome, ME!
Rent Prices
In Rome, ME
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Rome, ME, is on
a rollercoaster ride. The
average rent price in Rome, ME,
is $1,070.00. Indeed, when looking to rent in
Rome, ME, you can expect to pay as little
as $1,020.00 or as much
as $1,350.00,
with the average rent median estimated to
be $1,020.00. The good news is that finding
an affordable and desirable property to rent in Rome, 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.
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