Detroit, Somerset County, ME

Median Home Price Price

$239,689 $239.7K

Median Monthly Rent Rent

$1,388 $1.4K

15.0x

Market Snapshot

Detroit, Somerset County, ME is a city market with a median home price of $239,689, a median monthly rent of $1,388, a GRM of 15.0x, and a price-to-rent ratio of 14.4.

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01 Hiram, Oxford County, ME
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Price $305.3K
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GRM 19.0x
03 Glenburn, Penobscot County, ME
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Price $324.9K
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Explore the data

No similar markets found for this scope.

Home prices

Monthly rent

GRM = home price / annual rent

Region Show
Hiram, Oxford County, ME
$305K $1.3K 19.0x
Lebanon, York County, ME
$388K $1.7K 19.0x
Glenburn, Penobscot County, ME
$325K $1.2K 22.0x

Home prices

Monthly rent

GRM = home price / annual rent

Region Show
Matamoras, Pike County, PA Explore deeper
$286K $1.5K 16.0x
Dublin, Wayne County, IN
$133K $871 13.0x
Bolton, Tolland County, CT
$424K $1.4K 25.0x

Home prices

Monthly rent

GRM = home price / annual rent

Detroit

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Benchmark comparison

Rent in Detroit, ME is 3.4% higher than Hiram, ME.

Compare to Hiram, ME
Detroit, ME
Hiram, ME
Delta
Median rent
$1,388
$1,343
-$45
Median price
$239,689
$305,258
+$65,569
YoY change
+$142
+$97
-$45
Price-to-rent
14.4x
18.9x
+4.5x

Key takeaways

  • Detroit, Somerset County, ME has a middle-grm screening profile: At 15.0x GRM, price and rent sit in a less extreme screening range.
  • The investment thesis may depend more on trend quality and local context than on GRM alone.
  • Rent momentum is positive, with median rent up about $142 year over year.
  • Rent in Detroit, ME is 3.4% higher than Hiram, ME.