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 8,732, 3,839 total housing units (homes and apartments), and a median house value of $305,135, Ellsworth real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Ellsworth, accounting for 67.07% of the city's housing units. Other types of housing that are prevalent in Ellsworth include large apartment complexes or high rise apartments ( 15.34%), duplexes, homes converted to apartments or other small apartment buildings ( 9.01%), and a few mobile homes or trailers ( 6.34%).
Dwellings in Ellsworth tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 52.80% of the homes in Ellsworth have two or fewer bedrooms.
There is a lot of housing in Ellsworth 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 Ellsworth built between 2000 and later ( 26.88%). A lesser amount of the housing stock also hails from between 1940-1969 ( 21.45%). There's also some housing in Ellsworth built before 1939 ( 16.10%).
Vacant housing appears to be an issue in Ellsworth. Fully 25.28% of the housing stock is classified as vacant. Left unchecked, vacant Ellsworth homes and apartments can be a drag on the real estate market, holding Ellsworth real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Real estate appreciation rates in Ellsworth's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.39% during the period.
NeighborhoodScout's data show that during the latest twelve months, Ellsworth's appreciation rate, at 6.39%, has been at or slightly above the national average. In the latest quarter, Ellsworth's appreciation rate has been 4.78%, which annualizes to a rate of 20.54%.
Importantly, this makes Ellsworth 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 Ellsworth's latest annual appreciation rate is higher than 70% of the other cities and towns in Maine.
$305,135
for Maine
for nation
3,839
$1,507 / per month