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 6,183 people, 2,567 houses or apartments, and a median cost of homes of $350,596, Winthrop real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Winthrop, accounting for 74.64% of the town's housing units. Other types of housing that are prevalent in Winthrop include mobile homes or trailers ( 13.43%), large apartment complexes or high rise apartments ( 5.46%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.13%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Winthrop. Owner-occupied housing accounts for 82.34% of Winthrop's homes, and 64.69% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Winthrop 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 Winthrop built before 1939 ( 22.67%). A lesser amount of the housing stock also hails from between 1940-1969 ( 13.27%). There's also some housing in Winthrop built between 2000 and later ( 12.57%).
Vacant housing appears to be an issue in Winthrop. Fully 21.67% of the housing stock is classified as vacant. Left unchecked, vacant Winthrop homes and apartments can be a drag on the real estate market, holding Winthrop 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, Winthrop has experienced some of the highest home appreciation rates of any community in the nation. Winthrop real estate appreciated 123.38% over the last ten years, which is an average annual home appreciation rate of 8.37%, putting Winthrop in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Winthrop 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, Winthrop's appreciation rate, at 6.63%, has been at or slightly above the national average. In the latest quarter, Winthrop's appreciation rate has been 4.78%, which annualizes to a rate of 20.54%.
Importantly, this makes Winthrop 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 Winthrop's latest annual appreciation rate is higher than 80% of the other cities and towns in Maine.
$350,596
for Maine
for nation
2,567
$1,941 / per month