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These days, finding an affordable place to live in the 04240 area can be challenging. Home prices in 04240 are now at a median cost of $232,864, lower than the Maine average of $330,167.
The average cost of rent is $1,027/mo in 04240, primarily driven by the current value of real estate in the 04240 area. In 04240, 48.84% of households rent, and 34.93% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 04240 is $4,939 per month. Households that rent pay about 20.79% of their income on rent here. 04240’s most expensive areas are in the southeastern regions, while the cheapest areas are in the southwestern 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
- 04210, ME: higher priced homes
- 04280, ME: less expensive homes
- 04250, ME: equally priced homes
- 04236, ME: higher priced homes
- 04258, ME: higher priced homes
- 04252, ME: higher priced homes
- 04222, ME: higher priced homes
- 04274, ME: higher priced homes
- 04256, ME: higher priced homes
- 04260, ME: higher priced homes
Zip Codes with Similar Populations
- 92065, CA: higher priced homes
- 14624, NY: less expensive homes
- 78260, TX: higher priced homes
- 90277, CA: higher priced homes
- 33813, FL: higher priced homes
- 77571, TX: equally priced homes
- 60133, IL: higher priced homes
- 58503, ND: higher priced homes
- 83687, ID: higher priced homes
- 22901, VA: higher priced homes
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