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These days, finding an affordable place to live in the 04227 area can be challenging. Home prices in 04227 are now at a median cost of $160,900, lower than the Maine average of $330,167.
The average cost of rent is $658/mo in 04227, primarily driven by the current value of real estate in the 04227 area. In 04227, 14.45% of households rent, and 45.31% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 04227 is $5,884 per month. Households that rent pay about 11.18% of their income on rent here. 04227’s most expensive areas are in the central regions, while the cheapest areas are in the central parts of the zip.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Zip Codes
- 04224, ME: equally priced homes
- 04290, ME: equally priced homes
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- 04257, ME: less expensive homes
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- 04253, ME: higher priced homes
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- 04984, ME: higher priced homes
Zip Codes with Similar Populations
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- 82723, WY: higher priced homes
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