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 5,643 people, 2,403 houses or apartments, and a median cost of homes of $343,438, Bridgton real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Bridgton, accounting for 74.09% of the town's housing units. Other types of housing that are prevalent in Bridgton include mobile homes or trailers ( 13.42%), duplexes, homes converted to apartments or other small apartment buildings ( 7.08%), and a few row houses and other attached homes ( 3.26%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Bridgton. Owner-occupied housing accounts for 79.87% of Bridgton's homes, and 58.56% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Bridgton built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Bridgton built between 2000 and later ( 21.44%). A lesser amount of the housing stock also hails from between 1940-1969 ( 15.15%). There's also some housing in Bridgton built before 1939 ( 11.29%).
A decent proportion of the Bridgton housing stock is seasonally occupied. That is, homes and condos in Bridgton are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the Bridgton housing market speaks to its popularity as a vacation location of choice.
Appreciation rates for homes in Bridgton have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 114.54%, which ranks in the top 30% nationwide. This equates to an annual average Bridgton house appreciation rate of 7.93%.
Over the last year, Bridgton appreciation rates have trailed the rest of the nation. In the last twelve months, Bridgton's appreciation rate has been 4.87%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Bridgton were at 1.39%, which equates to an annual appreciation rate of 5.67%.
Relative to Maine, our data show that Bridgton's latest annual appreciation rate is higher than 50% of the other cities and towns in Maine.
$343,438
for Maine
for nation
2,403
$1,926 / per month