Is Brunswick the next best place to buy real estate?

You may have heard about the recent development of Wayfair, an online furniture and home decor retailer, coming to Maine cities such as Bangor and Brunswick. With a new warehouse in Brunswick Landing, the retailer plans to add another 150 jobs, totaling 550 employees. According to Mainebiz. Brunswick Landing has been recently redeveloped and according to Midcoast Regional Redevelopment Authority Executive Director Steve Levesque, it "has been brisk". This growth probably has some heads turning and we are wondering if we should all be paying closer attention to the city of Brunswick. 

Here are some important stats to know about Brunswick, via BestPlaces:

  • Population: approximately 20,000

  • The overall cost of living is 6.2% greater than national average, 8.2% greater than Maine average

  • Housing makes for the biggest factor in cost of living average

  • 3.0% unemployment rate, compared to U.S average 5.2%.

  • Close proximity to Popham Beach and Reid State Park in surrounding towns

  • home to Bowdoin College, a private liberal arts college, ranked as the 3rd best liberal arts school in the U.S by U.S News & World Report.

Brunswick is already ranked as the "#12 best place to live" in Maine by Niche, and also seems to be a hub for economic development with companies like Wayfair making investments, benefiting the community by paying commercial property taxes.

We'll be keeping our eye on Brunswick.

Zoë Fluet

Zoë Fluet is the Director of Communications at Gray Fox Real Estate.