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Affordable
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These days, finding an affordable place to live in the 04987 area can be challenging. Home prices in 04987 are now at a median cost of $213,000, lower than the Maine average of $330,167.
The average cost of rent is $1,255/mo in 04987, primarily driven by the current value of real estate in the 04987 area. In 04987, 13.59% of households rent, and 57.33% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 04987 is $3,715 per month. Households that rent pay about 33.78% of their income on rent here. 04987’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
- 04932, ME: less expensive homes
- 04922, ME: less expensive homes
- 04969, ME: equally priced homes
- 04988, ME: equally priced homes
- 04929, ME: less expensive homes
- 04986, ME: less expensive homes
- 04921, ME: equally priced homes
- 04434, ME: less expensive homes
- 04967, ME: less expensive homes
- 04951, ME: equally priced homes
Zip Codes with Similar Populations
- 94937, CA: higher priced homes
- 78548, TX: less expensive homes
- 68825, NE: less expensive homes
- 24245, VA: less expensive homes
- 30545, GA: higher priced homes
- 37723, TN: equally priced homes
- 49879, MI: less expensive homes
- 50055, IA: higher priced homes
- 51354, IA: less expensive homes
- 54652, WI: less expensive homes
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