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, ME

ZIP 04640 — 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 04640

Median Home Value
$237,900
Median Rent
$937
Affordability Snapshot
$65,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,528/mo PITI).

16%
Rent-to-Income Ratio

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

3.4x
Home Price-to-Income Ratio

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

21.2 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 04640 in ME, a household would need roughly $65,000 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 $1,528. That is roughly in line with the local median household income ($69,504). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 25% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
82.7%+27% vs US avg
x
Vacancy Rate
25.1%+144% vs US avg
x
Broadband Access
95.6%+10% vs US avg
x
4+ Bedrooms
1.2%-92% vs US avg
x
Built Pre-1939
0.8%-94% vs US avg
x
Built Post-2014
0.4%-94% vs US avg
x
Rent Burden >30%
35.1%-29% vs US avg
x
Mortgage-Free
40.0%+5% vs US avg
x
$237,900
Home Value
$937
Rent
1987
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 detached78.3%
  • 1-unit attached0.0%
  • 2-9 units8.0%
  • 10+ units0.0%
  • Mobile home & other13.6%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$237,900
Median rent$937
Owner-occupied82.7%
Vacant25.1%
Price-to-income3.4x
Est. income to buy$65,000