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Rangeley CDP, ME

ZIP 04970 — 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 04970

Median Home Value
$287,100
Median Rent
$587
Affordability Snapshot
$79,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,844/mo PITI).

12%
Rent-to-Income Ratio

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

4.9x
Home Price-to-Income Ratio

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

40.8 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 04970 in Rangeley CDP, ME, a household would need roughly $79,000 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 $1,844. That is about 36% above the local median household income ($58,182), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 68% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
70.8%+8% vs US avg
x
Vacancy Rate
68.2%+563% vs US avg
x
Broadband Access
75.2%-14% vs US avg
x
4+ Bedrooms
9.8%-34% vs US avg
x
Built Pre-1939
3.5%-72% vs US avg
x
Built Post-2014
0.3%-96% vs US avg
x
Rent Burden >30%
6.6%-87% vs US avg
x
Mortgage-Free
45.1%+18% vs US avg
x
$287,100
Home Value
$587
Rent
1983
Year Built
2011
Moved In

Residents have lived here since ~2011 on average

Housing Structure

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

  • 1-unit detached87.4%
  • 1-unit attached2.8%
  • 2-9 units7.4%
  • 10+ units0.9%
  • Mobile home & other1.4%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$287,100
Median rent$587
Owner-occupied70.8%
Vacant68.2%
Price-to-income4.9x
Est. income to buy$79,000