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Lewiston city, ME

ZIP 04240 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 04240

Median Home Value
$214,200
Median Rent
$864
Affordability Snapshot
$59,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,376/mo PITI).

18%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

3.8x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

20.7 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 04240 in Lewiston city, ME, a household would need roughly $59,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,376. That is roughly in line with the local median household income ($56,558). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
50.4%-23% vs US avg
x
Vacancy Rate
6.5%-37% vs US avg
x
Broadband Access
85.6%-2% vs US avg
x
4+ Bedrooms
1.9%-87% vs US avg
x
Built Pre-1939
9.0%-29% vs US avg
x
Built Post-2014
0.4%-95% vs US avg
x
Rent Burden >30%
22.0%-56% vs US avg
x
Mortgage-Free
34.4%-10% vs US avg
x
$214,200
Home Value
$864
Rent
1957
Year Built
2014
Moved In

Residents have lived here since ~2014 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached43.2%
  • 1-unit attached1.6%
  • 2-9 units39.7%
  • 10+ units11.9%
  • Mobile home & other3.6%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$214,200
Median rent$864
Owner-occupied50.4%
Vacant6.5%
Price-to-income3.8x
Est. income to buy$59,000