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 6,159 people, 2,726 houses or apartments, and a median cost of homes of $271,620, Gardiner 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 Gardiner, accounting for 60.29% of the city's housing units. Other types of housing that are prevalent in Gardiner include duplexes, homes converted to apartments or other small apartment buildings ( 20.49%), large apartment complexes or high rise apartments ( 13.64%), and a few mobile homes or trailers ( 4.96%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Gardiner. Owner-occupied housing accounts for 66.70% of Gardiner's homes, and 50.31% have either three or four bedrooms, which is average sized relative to America.
The housing in Gardiner was primarily built before 1939 ( 46.10%), making the housing stock in Gardiner some of the oldest overall in America, although there is a range of ages of homes in Gardiner. The next most important housing age is between 1940-1969 ( 24.18%), followed by between 1970-1999 ( 20.88%). There's also some housing in Gardiner built between 2000 and later ( 8.84%).
Vacant housing appears to be an issue in Gardiner. Fully 11.06% of the housing stock is classified as vacant. Left unchecked, vacant Gardiner homes and apartments can be a drag on the real estate market, holding Gardiner 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.
Appreciation rates for homes in Gardiner have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 102.70%, which ranks in the top 40% nationwide. This equates to an annual average Gardiner house appreciation rate of 7.32%.
Appreciation rates are so strong in Gardiner that despite a nationwide downturn in the housing market, Gardiner real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Gardiner appreciation rates continue to be some of the highest in America, at 11.46%, which is higher than appreciation rates in 93.72% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Gardiner. Gardiner appreciation rates in the latest quarter were at 4.32%, which equates to an annual appreciation rate of 18.41%.
Importantly, this makes Gardiner 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 Gardiner's latest annual appreciation rate is lower than 50% of the other cities and towns in Maine.
$271,620
for Maine
for nation
2,726
$1,518 / per month