According to statistics, the population in Belfast, ME amounts to 6,680, which shows decline 1% compared to the previous year. The median age of the city’s residents is 47. The average household income is $59,260, shifting growth 46% from the past year, and the average property value in Belfast, ME decline -4% to $201,000 throughout the year.
|Number Of Employees||2,832|
|Median Property Value||$201,000|
The average household income in Belfast, ME grew from $40,625 to $59,260 in the past year. This data is an estimate based upon 2,893 households in Belfast, ME . The chart below presents how household income is distributed in Belfast, ME in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Belfast, ME shifted from $209,200 to $201,000 throughout the year. The subsequent graph indicates the share of properties in the given price range in Belfast, ME in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Belfast, ME properties falls in the '$200,000 to $249,999' range, which is lower than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Belfast, ME compared to median property taxes around the country. The prevalent amount of property taxes in Belfast, ME equals $3000, which is less than the national average.
|Apartment Size||Jul||vs Last Month|
|Studio for sale||$213,000||-46.3%|
|1 bed for sale||$158,450||N/A|
|2 bed for sale||$1,488,500||+356.2%|
|3 bed for sale||$347,981||-36%|
|4+ bed for sale||$217,833||-32.2%|
During Jul 2022, the average price for an apartment in/near Belfast, ME increased by 1.4% to $437,868.
After collecting all data points, we now see that the average price for 1-bed apartment stands at $158,450 with no changes this month. Asking price for 2-bed apartment also increased by 356.2% and a place of this size will now cost you $1,488,500. A 3-bed apartment goes for $347,981, it decreased by 36% lately. We discerned the rise of 4- and more bed apartment pricing. It decreased by 32.2% and made it down to $217,833.
|Listing Type||Jul||vs Last Month|
|Houses for sale||$578,300||+12.1%|
|Land for sale||$170,062||+18.5%|
|Condos for sale||$170,000||+0%|
|Duplexes for sale||$620,000||N/A|
|Apartments for sale||$180,000||N/A|
While assessing the property pricing Belfast, ME, you can note that it remains flat with a price tag of $180,000. Price reports demonstrate that house price increased by 12.1% this month making it up to $578,300. Condo prices remain stable. Condo for sale is now available for the same pricing as previously — $170,000. An average value of duplex is $620,000, thus a median price for a duplex remains the same this month.