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 8,591 people, 3,431 houses or apartments, and a median cost of homes of $457,114, Buxton real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Buxton, accounting for 77.71% of the town's housing units. Other types of housing that are prevalent in Buxton include duplexes, homes converted to apartments or other small apartment buildings ( 10.50%), mobile homes or trailers ( 8.42%), and a few large apartment complexes or high rise apartments ( 2.11%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Buxton. Owner-occupied housing accounts for 80.14% of Buxton's homes, and 60.87% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Buxton 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 Buxton built between 2000 and later ( 24.25%). A lesser amount of the housing stock also hails from before 1939 ( 19.02%). There's also some housing in Buxton built between 1940-1969 ( 15.06%).
Vacant housing appears to be an issue in Buxton. Fully 12.99% of the housing stock is classified as vacant. Left unchecked, vacant Buxton homes and apartments can be a drag on the real estate market, holding Buxton 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.
In the last 10 years, Buxton has experienced some of the highest home appreciation rates of any community in the nation. Buxton real estate appreciated 116.41% over the last ten years, which is an average annual home appreciation rate of 8.03%, putting Buxton in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Buxton definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
NeighborhoodScout's data show that during the latest twelve months, Buxton's appreciation rate, at 4.28%, has been at or slightly above the national average. In the latest quarter, Buxton's appreciation rate has been 0.78%, which annualizes to a rate of 3.14%.
Relative to Maine, our data show that Buxton's latest annual appreciation rate is lower than 70% of the other cities and towns in Maine.
$457,114
for Maine
for nation
3,431
$2,433 / per month