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Affordable
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These days, finding an affordable place to live in the 04940 area can be challenging. Home prices in 04940 are now at a median cost of $151,100, lower than the Maine average of $330,167.
The average cost of rent is $968/mo in 04940, primarily driven by the current value of real estate in the 04940 area. In 04940, 9.89% of households rent, and 30.55% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 04940 is $5,152 per month. Households that rent pay about 18.79% of their income on rent here. 04940’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
- 04955, ME: higher priced homes
- 04938, ME: higher priced homes
- 04360, ME: higher priced homes
- 04294, ME: higher priced homes
- 04239, ME: higher priced homes
- 04984, ME: higher priced homes
- 04956, ME: higher priced homes
- 04918, ME: higher priced homes
- 04978, ME: higher priced homes
- 04911, ME: equally priced homes
Zip Codes with Similar Populations
- 85942, AZ: higher priced homes
- 99836, AK: higher priced homes
- 99591, AK: less expensive homes
- 97911, OR: higher priced homes
- 97736, OR: higher priced homes
- 80426, CO: higher priced homes
- 88411, NM: equally priced homes
- 89834, NV: equally priced homes
- 97637, OR: higher priced homes
- 74068, OK: higher priced homes
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