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Preforeclosure Homes in Thorndike, ME

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Home Value Estimator For Thorndike, ME

There are currently 276 real estate properties in Thorndike, ME, with a median automated valuation model (AVM) price of $172,346.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Thorndike, 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 Thorndike, ME, is $181,899.00, with the most expensive house in Thorndike, ME, topping out at $825,917.00 and the cheapest home in Thorndike, ME, clocking in at $24,773.00. In other words, there’s something for every potential homebuyer or savvy investor in Thorndike, ME!


Rent Prices In Thorndike, ME

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Thorndike, ME, is on a rollercoaster ride. The average rent price in Thorndike, ME, is $1,019.00. Indeed, when looking to rent in Thorndike, ME, you can expect to pay as little as $900.00 or as much as $1,400.00, with the average rent median estimated to be $1,020.00. The good news is that finding an affordable and desirable property to rent in Thorndike, 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.


Top Reasons To Live In Thorndike, ME In 2024

Thorndike is located in Waldo, Maine, with an estimated municipal population of 805 residents. All of the best foreclosed homes for sale in Thorndike are located in the following zip code areas on Foreclosure.com: 04986. The estimated population per square kilometer (.62 miles) in Thorndike is 12.


Cost Of Living In Thorndike, ME

So, about how much do homes cost in Thorndike? The most recent median value of resident-owned homes in Thorndike is 143,055. An estimated 76.7 percent of households in Thorndike own their homes, with an average family size of 2.59. The median household income in Thorndike is 47,000, with20.3 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Thorndike, the median commute time of resident workers (in minutes) is 31.3. And last, but certainly not least, are you looking for homes to rent in Thorndike? If so, the average rent price paid by renters in Thorndike is 686, according to recent statistics.


Diversity And Demographics In Thorndike, 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 Thorndike, 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 Thorndike is 41.6, split between 54.2 percent male versus 45.8 female. The percentage of residents who report being married in Thorndike is 50.4, with an average family size of 2.59.

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

White 97%
Black / African American 0.2%
Asian 0%
American Indian / Alaskan Native 1%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 1%
Other 0.7%

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

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

Under 10 13.7%
Aged 10-19 11.8%
20s 11.7%
30s 9.9%
40s 13.4%
50s 20.7%
60s 8.6%
70s 6.1%
80+ 4.3%

Best Schools In Thorndike, 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 Thorndike with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Thorndike.


Pros And Cons Of Living In Thorndike, Maine

How do you know that living in -- or moving to -- Thorndike is right where you need to be? Perhaps you grew up in Thorndike or already live nearby; therefore, the decision to buy a home in Thorndike is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Thorndike 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 Thorndike:

  • 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 Thorndike.


Reasons To Move To Thorndike, Maine, In 2024

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

Thorndike, ME Preforeclosure Homes


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