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, ME

ZIP 04623 — 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 04623

Median Home Value
$159,400
Median Rent
$615
Affordability Snapshot
$44,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,024/mo PITI).

14%
Rent-to-Income Ratio

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

2.9x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

21.6 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 04623 in ME, a household would need roughly $44,000 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 $1,024. That sits below the local median household income ($54,286), 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 31% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
82.2%+26% vs US avg
x
Vacancy Rate
31.3%+204% vs US avg
x
Broadband Access
84.2%-3% vs US avg
x
4+ Bedrooms
3.4%-77% vs US avg
x
Built Pre-1939
2.0%-85% vs US avg
x
Built Post-2014
4.3%-38% vs US avg
x
Rent Burden >30%
22.5%-55% vs US avg
x
Mortgage-Free
58.1%+52% vs US avg
x
$159,400
Home Value
$615
Rent
1978
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 detached78.5%
  • 1-unit attached0.0%
  • 2-9 units4.7%
  • 10+ units1.1%
  • Mobile home & other15.7%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$159,400
Median rent$615
Owner-occupied82.2%
Vacant31.3%
Price-to-income2.9x
Est. income to buy$44,000