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 11,757 people, 5,136 houses or apartments, and a median cost of homes of $552,213, Kennebunk house prices are not only among the most expensive in Maine, Kennebunk real estate also is some of the most expensive in all of America.
Single-family detached homes are the single most common housing type in Kennebunk, accounting for 69.18% of the town's housing units. Other types of housing that are prevalent in Kennebunk include duplexes, homes converted to apartments or other small apartment buildings ( 12.16%), row houses and other attached homes ( 10.22%), and a few large apartment complexes or high rise apartments ( 7.23%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Kennebunk. Owner-occupied housing accounts for 74.23% of Kennebunk's homes, and 52.92% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Kennebunk 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 Kennebunk built before 1939 ( 24.92%). A lesser amount of the housing stock also hails from between 2000 and later ( 19.52%). There's also some housing in Kennebunk built between 1940-1969 ( 17.13%).
Vacant housing appears to be an issue in Kennebunk. Fully 14.10% of the housing stock is classified as vacant. Left unchecked, vacant Kennebunk homes and apartments can be a drag on the real estate market, holding Kennebunk 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, Kennebunk has experienced some of the highest home appreciation rates of any community in the nation. Kennebunk real estate appreciated 111.02% over the last ten years, which is an average annual home appreciation rate of 7.75%, putting Kennebunk in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Kennebunk definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Appreciation rates are so strong in Kennebunk that despite a nationwide downturn in the housing market, Kennebunk real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Kennebunk appreciation rates continue to be some of the highest in America, at 11.61%, which is higher than appreciation rates in 98.60% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Kennebunk. Kennebunk appreciation rates in the latest quarter were at 3.59%, which equates to an annual appreciation rate of 15.16%.
Importantly, this makes Kennebunk one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to Maine, our data show that Kennebunk's latest annual appreciation rate is higher than 70% of the other cities and towns in Maine.
$552,213
for Maine
for nation
5,136
$2,356 / per month