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Rent To Own Homes in Westbrook, ME

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Westbrook, ME Foreclosures

How much do homes sell for in Westbrook, ME?
The average home price is currently $453,040.
In Westbrook, ME, how many homes are available?
There are currently 10 active home listings available in Westbrook.
What’s the average rental cost in Westbrook, ME?
The average rental price in Westbrook is $1,419.
What is the most expensive home in Westbrook?
The most expensive home sold in Westbrook had a price of $16,703,377.
What is currently the cheapest priced home in Westbrook, ME?
The cheapest home for sale in Westbrook is priced at $39,000.

Living in Westbrook, ME

Westbrook, ME is a thriving city situated just west of Portland, offering a unique blend of suburban charm and urban conveniences. With a strong community feel, diverse local amenities, and ample access to outdoor activities, it is an appealing choice for families and individuals alike. The city's rich history and various recreational opportunities further enhance its appeal.

Current Market Conditions in Westbrook, ME

The current real estate market in Westbrook is showing signs of growth, with increasing demand for single-family homes. The area's proximity to Portland is attracting new buyers, leading to a rise in home prices and development of new housing projects. Investors see potential in both residential and commercial developments as the city continues to expand.

As of late 2023, the rental market has also increased, with average rents seeing a notable rise, indicating a strong demand for rental properties. There are several new apartment complexes in the works to meet this demand, suggesting a focus on urban living solutions.

Home Value Estimator For Westbrook, ME

There are currently 6,555 real estate properties in Westbrook, ME, with a median automated valuation model (AVM) price of $441,669.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Westbrook, 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 Westbrook, ME, is $453,040.00, with the most expensive house in Westbrook, ME, topping out at $16,703,377.00 and the cheapest home in Westbrook, ME, clocking in at $39,000.00. In other words, there’s something for every potential homebuyer or savvy investor in Westbrook, ME!

Rent Prices In Westbrook, ME

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Westbrook, ME, is on a rollercoaster ride. The average rent price in Westbrook, ME, is $1,419.00. Indeed, when looking to rent in Westbrook, ME, you can expect to pay as little as $1,080.00 or as much as $2,340.00, with the average rent median estimated to be $1,440.00. The good news is that finding an affordable and desirable property to rent in Westbrook, 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.

Westbrook, ME Rent To Own Homes

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