Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 24,193, 10,309 total housing units (homes and apartments), and a median house value of $353,773, Auburn real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Auburn, accounting for 52.87% of the city's housing units. Other types of housing that are prevalent in Auburn include duplexes, homes converted to apartments or other small apartment buildings ( 25.49%), large apartment complexes or high rise apartments ( 16.32%), and a few row houses and other attached homes ( 3.88%).
People in Auburn primarily live in small (one, two or no bedroom) single-family detached homes. Auburn has a mixture of owner-occupied and renter-occupied housing.
The housing in Auburn was primarily built before 1939 ( 39.64%), making the housing stock in Auburn some of the oldest overall in America, although there is a range of ages of homes in Auburn. The next most important housing age is between 1940-1969 ( 26.16%), followed by between 1970-1999 ( 25.81%). There's also some housing in Auburn built between 2000 and later ( 8.39%).
Appreciation rates for homes in Auburn have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 105.27%, which ranks in the top 30% nationwide. This equates to an annual average Auburn house appreciation rate of 7.46%.
Over the last year, Auburn appreciation rates have trailed the rest of the nation. In the last twelve months, Auburn's appreciation rate has been 0.48%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Auburn were at 3.49%, which equates to an annual appreciation rate of 14.71%.
Importantly, this makes Auburn one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Maine, our data show that Auburn's latest annual appreciation rate is lower than 80% of the other cities and towns in Maine.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Auburn differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Auburn - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Auburn real estate investment or home purchase decisions.
$353,773
for Maine
for nation
10,309
$1,471 / per month