Houlton, ME Real Estate Market
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.
Date(s) & Update Frequency:
- Home Values, Rents: Reflects Q2 2024. Updated quarterly.
- Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
Houlton, ME Housing Market Trends
With 6,064 people, 2,482 houses or apartments, and a median cost of homes of $167,145, house prices in Houlton are some of the most affordable in Maine as well as the nation.
Single-family detached homes are the single most common housing type in Houlton, accounting for 65.81% of the town's housing units. Other types of housing that are prevalent in Houlton include duplexes, homes converted to apartments or other small apartment buildings ( 16.83%), large apartment complexes or high rise apartments ( 12.35%), and a few mobile homes or trailers ( 4.86%).
The most prevalent building size and type in Houlton are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 58.95% owning and 41.05% renting.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Houlton's housing was primarily built during this period, from the '40s through the '60s. A full 37.45% of the town's housing hails from this era. Other housing ages represented in Houlton include homes built before 1939 ( 28.83%) and housing constructed between 1970-1999 ( 26.34%). There's also some housing in Houlton built between 2000 and later ( 7.38%).
Vacant housing appears to be an issue in Houlton. Fully 11.89% of the housing stock is classified as vacant. Left unchecked, vacant Houlton homes and apartments can be a drag on the real estate market, holding Houlton 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.
Houlton Home Appreciation Rates
In the last 10 years, Houlton has experienced some of the highest home appreciation rates of any community in the nation. Houlton real estate appreciated 126.14% over the last ten years, which is an average annual home appreciation rate of 8.50%, putting Houlton in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Houlton definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Over the last year, Houlton appreciation rates have trailed the rest of the nation. In the last twelve months, Houlton's appreciation rate has been 4.07%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Houlton were at 4.78%, which equates to an annual appreciation rate of 20.54%.
Importantly, this makes Houlton one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to Maine, our data show that Houlton's latest annual appreciation rate is lower than 60% of the other cities and towns in Maine.
Median Home Value
$167,145
Very Low
for Maine
Very Low
for nation
Number of Homes And Apartments:
2,482
ME
America
2024 Q1 - 2024 Q2
2023 Q2 - 2024 Q2
2022 Q2 - 2024 Q2
2019 Q2 - 2024 Q2
2014 Q2 - 2024 Q2
2000 Q1 - 2024 Q2
Average Market Rent:
$1,078 / per month