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Affordable
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These days, finding an affordable place to live in the 04616 area can be challenging. Home prices in 04616 are now at a median cost of $339,400, higher than the Maine average of $330,167.
The average cost of rent is $1,236/mo in 04616, primarily driven by the current value of real estate in the 04616 area. In 04616, 15.63% of households rent, and 67.59% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 04616 is $5,729 per month. Households that rent pay about 21.57% of their income on rent here. 04616’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
- 04673, ME: equally priced homes
- 04676, ME: equally priced homes
- 04627, ME: equally priced homes
- 04650, ME: equally priced homes
- 04674, ME: higher priced homes
- 04681, ME: less expensive homes
- 04617, ME: higher priced homes
- 04612, ME: higher priced homes
- 04685, ME: higher priced homes
- 04683, ME: less expensive homes
Zip Codes with Similar Populations
- 99769, AK: less expensive homes
- 97118, OR: equally priced homes
- 54490, WI: less expensive homes
- 70082, LA: less expensive homes
- 70631, LA: less expensive homes
- 41512, KY: less expensive homes
- 71961, AR: less expensive homes
- 48456, MI: less expensive homes
- 49654, MI: higher priced homes
- 46133, IN: less expensive homes
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