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Foreclosure Homes in Milbridge, ME

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Kennedy-hwy-Milbridge-ME-04658
Preforeclosure NEW
$73,271 EMV

Kennedy Hwy
Milbridge, ME 04658

Washington-st-Milbridge-ME-04658
Preforeclosure

Washington St
Milbridge, ME 04658

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Home Value Estimator For Milbridge, ME

There are currently 12 real estate properties in Milbridge, ME, with a median automated valuation model (AVM) price of $179,000.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Milbridge, ME, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Milbridge, ME, is $257,058.00, with the most expensive house in Milbridge, ME, topping out at $485,300.00 and the cheapest home in Milbridge, ME, clocking in at $116,700.00. In other words, there’s something for every potential homebuyer or savvy investor in Milbridge, ME!


Rent Prices In Milbridge, ME

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Milbridge, ME, is on a rollercoaster ride. The average rent price in Milbridge, ME, is $1,038.00. Indeed, when looking to rent in Milbridge, ME, you can expect to pay as little as $860.00 or as much as $1,220.00, with the average rent median estimated to be $1,040.00. The good news is that finding an affordable and desirable property to rent in Milbridge, ME -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.


Foreclosure Homes in Milbridge, ME

Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Milbridge, ME area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Milbridge, ME and much more. Save thousands at closing with home foreclosure listings in Milbridge, ME — up to 75% off market value!


Top Reasons To Live In Milbridge, ME In 2021

Milbridge is located in Washington, Maine, with an estimated municipal population of 1,560 residents. All of the best foreclosed homes for sale in Milbridge are located in the following zip code areas on Foreclosure.com: 04658. The estimated population per square kilometer (.62 miles) in Milbridge is 24.


Cost Of Living In Milbridge, ME

So, about how much do homes cost in Milbridge? The most recent median value of resident-owned homes in Milbridge is 115,870. An estimated 76.1 percent of households in Milbridge own their homes, with an average family size of 3.08. The median household income in Milbridge is 45,139, with14.6 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Milbridge, the median commute time of resident workers (in minutes) is 15.2. And last, but certainly not least, are you looking for homes to rent in Milbridge? If so, the average rent price paid by renters in Milbridge is 754, according to recent statistics.


Diversity And Demographics In Milbridge, Maine

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Milbridge, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Milbridge is 44.2, split between 46.5 percent male versus 53.5 female. The percentage of residents who report being married in Milbridge is 46.8, with an average family size of 3.08.

The percentage of residents who report their race in Milbridge is as follows:

White 86.8%
Black / African American 6.6%
Asian 0.6%
American Indian / Alaskan Native 0.2%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 2%
Other 3.8%

Looking for family-friendly neighborhoods in and/or near Milbridge? Or maybe you are searching for 55+ active adult communities in and/or near Milbridge?

The percentage of residents who report their age in Milbridge is as follows:

Under 10 10.9%
Aged 10-19 12%
20s 13.8%
30s 8.9%
40s 13%
50s 11.7%
60s 11.4%
70s 10.9%
80+ 7.4%

Best Schools In Milbridge, Maine

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Milbridge with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Milbridge.


Pros And Cons Of Living In Milbridge, Maine

How do you know that living in -- or moving to -- Milbridge is right where you need to be? Perhaps you grew up in Milbridge or already live nearby; therefore, the decision to buy a home in Milbridge is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Milbridge for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Milbridge:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Milbridge.


Reasons To Move To Milbridge, Maine, In 2021

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Milbridge can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Milbridge, meanwhile, can field multiple offers from more qualified buyers.

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Listing types in Milbridge, ME

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