Median price for residential apartments in Bingham, ME as of Oct, 2022.
Take into account that the price depends on the location and condition of the apartment. The size and amenities might have a large influence on the asking price as well.
19 Bingham, ME, USA apartments for sale
Bingham
According to statistics, the population in Bingham, ME amounts to 696, which shows growth 17% compared to the previous year. The median age of the city’s residents is 53. The average household income is $31,912, shifting decline -11% from the past year, and the average property value in Bingham, ME decline -1% to $81,100 throughout the year.
| Population | 696 |
| Median Age | 52.9 |
| Poverty Rate | 23% |
| Household Income | $31,912 |
| Number Of Employees | 259 |
| Median Property Value | $81,100 |
Household Income
The average household income in Bingham, ME declined from $36,042 to $31,912 in the past year. This data is an estimate based upon 332 households in Bingham, ME . The chart below presents how household income is distributed in Bingham, ME in comparison to the revenue allocation amid households nationally.
Property Value
According to data from last year, the average property value in Bingham, ME shifted from $82,100 to $81,100 throughout the year. The subsequent graph indicates the share of properties in the given price range in Bingham, ME in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Bingham, ME properties falls in the '$80,000 to $89,999' range, which is lower than the most significant median property across the country.
Rent vs. Own
Property Taxes
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Bingham, ME compared to median property taxes around the country. The prevalent amount of property taxes in Bingham, ME equals $1150, which is less than the national average.
Housing Trends
How much does an apartment cost in Bingham, ME, USA
Average apartment sale in Bingham: $248,469 (+66.7%)
| Apartment Size | Oct | vs Last Month |
|---|---|---|
| Studio apartments | $324,225 | +548.5% |
| 2-bed apartments | $170,000 | -8.1% |
| 3-bed apartments | $225,963 | N/A |
| 4+ bed apartments | $169,950 | -11.1% |
During Oct 2022, the average price for an apartment in/near Bingham, ME increased by 66.7% to $248,469.
Asking price for 2-bed apartment also decreased by 8.1% and a place of this size will now cost you $170,000. Reports state that an average 3-bed apartment price did not change, so you can still get yourself one for $225,963. We discerned the rise of 4- and more bed apartment pricing. It decreased by 11.1% and made it down to $169,950.
| Listing Type | Oct | vs Last Month |
|---|---|---|
| Houses for sale | $197,965 | +4.9% |
| Land for sale | $50,000 | N/A |
| Duplexes for sale | $238,950 | N/A |
| Apartments for sale | $69,000 | N/A |
| Other for sale | $750,000 | N/A |
While assessing the property pricing Bingham, ME, you can note that it remains flat with a price tag of $69,000. Price reports demonstrate that house price increased by 4.9% this month making it up to $197,965. An average value of duplex is $238,950, thus a median price for a duplex remains the same this month.