Troy, ME Foreclosures
How much do homes sell for in Troy, ME?
The average home price is currently $250,282.
What’s the average rental cost in Troy, ME?
The average rental price in Troy is $1,042.
What is the most expensive home in Troy?
The most expensive home sold in Troy had a price of $1,178,533.
What is currently the cheapest priced home in Troy, ME?
The cheapest home for sale in Troy is priced at $42,540.
Living in Troy, ME
Troy, Maine is a small rural town known for its beautiful landscapes and tranquil lifestyle. With a strong sense of community, it offers a peaceful environment ideal for families and retirees. Residents enjoy outdoor activities, charming local events, and a close-knit community feel.
Current Market Conditions in Troy, ME
The real estate market in Troy, ME currently reflects a balanced environment, where home prices have seen a slight increase over the past few months due to the growing attraction of rural living. Interest in the area has been driven by homebuyers looking for affordable housing and expansive outdoor spaces. As more people prioritize quality of life, Troy's market has benefited from an influx of buyers seeking peaceful surroundings without sacrificing accessibility to urban amenities.
Over the last year, Troy has experienced a subtle shift in its real estate landscape, with property values appreciating moderately. The demographics of buyers have shifted as urban dwellers search for more space and a rural lifestyle, causing a rise in interest for single-family homes. Inventory levels have remained stable, but competitive bidding situations have begun appearing for desirable properties.
Home Value Estimator For Troy, ME
There are currently 303 real estate properties
in Troy, ME,
with a median automated valuation model (AVM) price
of $232,616.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Troy, 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 Troy, ME,
is $250,282.00, with the most expensive house
in Troy, ME, topping out
at $1,178,533.00 and the cheapest home
in Troy, ME,
clocking in at $42,540.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Troy, ME!
Rent Prices
In Troy, ME
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Troy, ME, is on
a rollercoaster ride. The
average rent price in Troy, ME,
is $1,042.00. Indeed, when looking to rent in
Troy, ME, you can expect to pay as little
as $1,020.00 or as much
as $1,190.00,
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 Troy, 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
