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, ME

ZIP 04740 — 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 04740

Median Home Value
$120,200
Median Rent
$345
Affordability Snapshot
$33,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$772/mo PITI).

9%
Rent-to-Income Ratio

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

2.7x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

29.0 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 04740 in ME, a household would need roughly $33,000 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 $772. That sits below the local median household income ($44,410), 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 21% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
82.0%+25% vs US avg
x
Vacancy Rate
20.7%+101% vs US avg
x
Broadband Access
63.9%-27% vs US avg
x
4+ Bedrooms
3.6%-76% vs US avg
x
Built Pre-1939
6.7%-48% vs US avg
x
Built Post-2014
0.7%-90% vs US avg
x
Rent Burden >30%
3.7%-92% vs US avg
x
Mortgage-Free
62.4%+63% vs US avg
x
$120,200
Home Value
$345
Rent
1973
Year Built
2010
Moved In

Residents have lived here since ~2010 on average

Housing Structure

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

  • 1-unit detached68.6%
  • 1-unit attached0.4%
  • 2-9 units10.4%
  • 10+ units2.9%
  • Mobile home & other17.6%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$120,200
Median rent$345
Owner-occupied82.0%
Vacant20.7%
Price-to-income2.7x
Est. income to buy$33,000