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 a population of 8,805, 4,014 total housing units (homes and apartments), and a median house value of $388,172, Bath real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Bath, accounting for 54.32% of the city's housing units. Other types of housing that are prevalent in Bath include large apartment complexes or high rise apartments ( 22.50%), duplexes, homes converted to apartments or other small apartment buildings ( 18.14%), and a few row houses and other attached homes ( 4.07%).
The most prevalent building size and type in Bath are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 61.49% owning and 38.51% renting.
The housing in Bath was primarily built before 1939 ( 57.55%), making the housing stock in Bath some of the oldest overall in America, although there is a range of ages of homes in Bath. The next most important housing age is between 1970-1999 ( 22.36%), followed by between 1940-1969 ( 17.30%). There's also some housing in Bath built between 2000 and later ( 2.79%).
Vacant housing appears to be an issue in Bath. Fully 11.21% of the housing stock is classified as vacant. Left unchecked, vacant Bath homes and apartments can be a drag on the real estate market, holding Bath 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 Bath have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 114.88%, which ranks in the top 30% nationwide. This equates to an annual average Bath house appreciation rate of 7.95%.
Over the last year, Bath appreciation rates have trailed the rest of the nation. In the last twelve months, Bath's appreciation rate has been 2.32%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Bath were at 1.39%, which equates to an annual appreciation rate of 5.67%.
Relative to Maine, our data show that Bath's latest annual appreciation rate is lower than 70% of the other cities and towns in Maine.
$388,172
for Maine
for nation
4,014
$1,644 / per month