Maine is among the many costliest states to purchase a house within the Northeast, a nationwide rating stated.
U.S. Information and World Report ranked the state sixth out of 9 Northeastern states for housing affordability, saying it was much less inexpensive than Pennsylvania, which was calledthe most inexpensive regionally, Connecticut, New Hampshire, New Jersey and Vermont.
Maine was nonetheless deemed extra inexpensive than Massachusetts (ranked the least inexpensive within the Northeast), New York and Rhode Island.
Although the rankings make the most of information from Moody’s Analytics which are just a few years previous, the numbers are one other indication that Maine has transcended lots of its Northeast neighbors in the price of shopping for a house, particularly within the extremely aggressive Portland Metro space.
The state moved forward of Connecticut earlier this yr by way of median housing values, with houses in its border communities with New Hampshire additionally being usually costlier than their Granite State counterparts as of not too long ago.
Maine ranked higher within the U.S. Information and World Report’s price of dwelling estimate. It was ranked third within the Northeast, with solely Pennsylvania and New York deemed inexpensive. Iowa was ranked probably the most inexpensive state nationwide for housing whereas Hawaii was the least inexpensive.
customary single-family residential houses offered over the past week, houses offered for round $450,000 in Maine, Massachusetts and Pennsylvania present the housing image in every state.
In Maine, a two-bedroom dwelling on a half-acre in Wells offered for $449,000 on Wednesday after being listed for 44 days. The house, which offered for its asking worth, is a 35-minute drive from Portland and 5 minutes from Maine’s coast.
In Pennsylvania, a four-bedroom, 1-acre dwelling in Landenberg round an hour southwest of Philadelphia and half an hour to the closest river offered for $445,000 on Thursday after 43 days in the marketplace. It offered for $46,000 above its asking worth of $399,000.
In Massachusetts, a two-bedroom in Salem on 0.06 acres offered for $450,000 on Wednesday after being in the marketplace for 48 days. Regardless of the itemizing saying it wanted beauty updates, it nonetheless offered for $11,000 above its asking worth. The house is round 40 minutes from Boston and a brief distance from the water.