Mainebiz

V O L . X X I I I N O. X V I 20 FA C T BO O K / D O I N G B U S I N E S S I N M A I N E Q UA L I T Y O F L I F E | H O U S I N G $0 $40K $80K $120K $160K $200K '16 '15 '14 '13 '12 '11 '10 '09 Median price Annual sales 0 4K 8K 12K 16K 20K Annual home sales and median price 1 1 Based on real estate broker transactions. S O U R C E : Maine Real Estate Information System Inc. Annual Maine home sales, 1 by county Ranked by sales of existing single-family homes, 2016 Units sold 2016 Units sold 2015 Percent change, 2015–2016 2016 median sales price 2015 median sales price Percent change, 2015–2016 1 Cumberland 4,252 4,141 2.68% $265,000 $250,000 6.00% 2 York 3,122 2,793 11.78% $239,000 $226,000 5.75% 3 Penobscot 1,672 1,393 20.03% $133,000 $130,000 2.31% 4 Kennebec 1,453 1,325 9.66% $145,000 $139,000 4.32% 5 Androscoggin 1,109 934 18.74% $146,700 $136,750 7.28% 6 Oxford 817 684 19.44% $142,000 $134,900 5.26% 7 Hancock 779 667 16.79% $194,000 $191,000 1.57% 8 Lincoln 595 488 21.93% $210,000 $189,500 10.82% 9 Knox 573 536 6.90% $212,000 $183,500 15.53% 10 Aroostook 563 470 19.79% $82,500 $87,250 -5.44% 11 Somerset 545 466 16.95% $100,000 $93,250 7.24% 12 Sagadahoc 499 434 14.98% $198,000 $187,000 5.88% 13 Waldo 492 479 2.71% $159,950 $144,000 11.08% 14 Franklin 392 313 25.24% $125,625 $129,500 -2.99% 15 Washington 343 281 22.06% $95,000 $94,000 1.06% 16 Piscataquis 301 268 12.31% $85,000 $87,500 -2.86% MAINE 17,507 15,672 11.71% $189,400 $180,500 4.93% 1 Based on real estate broker transactions. S O U R C E : Maine Real Estate Information System Inc. Mobile home Studio One bedroom Two bedroom Three bedroom Four bedroom Five bedroom Androscoggin $333 $583 $660 $832 $1,063 $1,270 $1,461 Aroostook $272 $533 $584 $681 $877 $950 $1,093 Cumberland $364 $644 $688 $910 $1,325 $1,336 $1,536 Franklin $275 $545 $581 $687 $859 $947 $1,089 Hancock $361 $630 $715 $902 $1,135 $1,243 $1,429 Kennebec $338 $656 $678 $844 $1,105 $1,179 $1,356 Knox $350 $666 $671 $874 $1,111 $1,265 $1,455 Lincoln $359 $712 $758 $897 $1,122 $1,336 $1,536 Oxford $277 $573 $587 $693 $1,009 $1,213 $1,395 Penobscot $290 $536 $573 $725 $907 $1,019 $1,172 Piscataquis $272 $541 $590 $681 $991 $1,023 $1,176 Sagadahoc $332 $588 $720 $831 $1,129 $1,246 $1,433 Somerset $302 $578 $633 $756 $983 $1,042 $1,198 Waldo $312 $618 $675 $779 $1,031 $1,113 $1,280 Washington $278 $573 $586 $694 $895 $1,055 $1,213 York $356 $628 $725 $890 $1,190 $1,227 $1,411 Fair market rent for existing housing in Maine, by county Rates effective Oct. 1, 2016 Amounts include the cost of utilities. S O U R C E : MaineHousing Mobile home Studio One bedroom Two bedroom Three bedroom Four bedroom Five bedroom Bangor $344 $623 $678 $860 $1,084 $1,369 $1,574 Lewiston/Auburn $333 $583 $660 $832 $1,063 $1,270 $1,461 Portland $431 $755 $851 $1,078 $1,454 $1,579 $1,816 York/Kittery/South Berwick $475 $840 $893 $1,187 $1,485 $1,975 $2,271 Fair market rents for existing housing in Maine, by MSA Rates effective Oct. 1, 2016 Amounts include the cost of utilities. S O U R C E : MaineHousing Fair market rent Gross rents for typical, non-substandard rental units occupied by recent movers in a local hous- ing market, established by the U.S. Department of Housing and Urban Development. Metropolitan statistical area (MSA) The Census Bureau defines a metropolitan area as a core area containing a large popu- lation nucleus, together with adjacent com- munities having a high degree of economic and social interaction with that core. The title of each MSA includes the names of up to three of its central cities. Occupancy rate, 2015 Occupancy rate, 2011 1 Androscoggin 90.8% 91.4% 2 Kennebec 83.8% 84.6% 3 Cumberland 83.8% 88.1% 4 Sagadahoc 83.6% 85.6% 5 Penobscot 83.5% 86.9% 6 Waldo 77.8% 77.9% 7 Aroostook 76.9% 78.4% 8 York 76.8% 79.1% 9 Knox 71.2% 76.9% 10 Somerset 71.0% 72.6% 11 Lincoln 63.0% 67.9% 12 Washington 61.4% 64.4% 13 Hancock 60.3% 64.4% 14 Oxford 60.0% 69.1% 15 Franklin 54.1% 61.6% 16 Piscataquis 48.9% 52.8% MAINE 76.2% 79.5% Maine housing occupancy rates Ranked by county-wide occupancy rate, 2011–2015 S O U R C E : U.S. Census Bureau, 2011–2015 American Community Survey 5-Year Estimates DEFINITIONS

• Cover