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, ME

ZIP 04987 — Housing & Real Estate

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

Working ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 04987

Median Home Value
$194,100
Median Rent
$683
Affordability Snapshot
$53,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,247/mo PITI).

17%
Rent-to-Income Ratio

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

4.1x
Home Price-to-Income Ratio

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

23.7 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 04987 in ME, a household would need roughly $53,000 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 $1,247. That is roughly in line with the local median household income ($47,321). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 20% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
91.7%+40% vs US avg
x
Vacancy Rate
19.7%+92% vs US avg
x
Broadband Access
85.4%-2% vs US avg
x
4+ Bedrooms
2.1%-85% vs US avg
x
Built Pre-1939
0.0%
x
Built Post-2014
0.0%
x
Rent Burden >30%
32.4%-35% vs US avg
x
Mortgage-Free
56.5%+48% vs US avg
x
$194,100
Home Value
$683
Rent
1990
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 detached78.9%
  • 1-unit attached0.6%
  • 2-9 units0.6%
  • 10+ units0.0%
  • Mobile home & other19.9%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$194,100
Median rent$683
Owner-occupied91.7%
Vacant19.7%
Price-to-income4.1x
Est. income to buy$53,000