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Island Falls CDP, ME

ZIP 04747 — Housing & Real Estate

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

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 04747

Median Home Value
$116,400
Median Rent
$603
Affordability Snapshot
$32,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$748/mo PITI).

12%
Rent-to-Income Ratio

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

1.9x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

16.1 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 04747 in Island Falls CDP, ME, a household would need roughly $32,000 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 $748. That sits below the local median household income ($61,089), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 37% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
83.8%+28% vs US avg
x
Vacancy Rate
37.0%+259% vs US avg
x
Broadband Access
73.7%-15% vs US avg
x
4+ Bedrooms
3.0%-80% vs US avg
x
Built Pre-1939
13.4%+4% vs US avg
x
Built Post-2014
1.4%-79% vs US avg
x
Rent Burden >30%
8.6%-83% vs US avg
x
Mortgage-Free
64.3%+68% vs US avg
x
$116,400
Home Value
$603
Rent
1971
Year Built
2009
Moved In

Residents have lived here since ~2009 on average

Housing Structure

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

  • 1-unit detached86.3%
  • 1-unit attached0.2%
  • 2-9 units6.4%
  • 10+ units0.1%
  • Mobile home & other7.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$116,400
Median rent$603
Owner-occupied83.8%
Vacant37.0%
Price-to-income1.9x
Est. income to buy$32,000