US5.com
  1. Home
  2. States
  3. Maine
  4. ZIP 04978
  5. Housing & Real Estate
, ME

ZIP 04978 — Housing & Real Estate

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

Upper Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 04978

Median Home Value
$231,300
Median Rent
$1,107
Affordability Snapshot
$64,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,486/mo PITI).

13%
Rent-to-Income Ratio

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

2.2x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

17.4 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 04978 in ME, a household would need roughly $64,000 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 $1,486. That sits below the local median household income ($105,694), 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 40% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
90.5%+38% vs US avg
x
Vacancy Rate
40.2%+290% vs US avg
x
Broadband Access
94.8%+9% vs US avg
x
4+ Bedrooms
3.4%-77% vs US avg
x
Built Pre-1939
1.0%-92% vs US avg
x
Built Post-2014
1.7%-75% vs US avg
x
Rent Burden >30%
7.5%-85% vs US avg
x
Mortgage-Free
37.8%-1% vs US avg
x
$231,300
Home Value
$1,107
Rent
1982
Year Built
2008
Moved In

Residents have lived here since ~2008 on average

Housing Structure

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

  • 1-unit detached89.8%
  • 1-unit attached0.9%
  • 2-9 units0.0%
  • 10+ units0.0%
  • Mobile home & other9.4%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$231,300
Median rent$1,107
Owner-occupied90.5%
Vacant40.2%
Price-to-income2.2x
Est. income to buy$64,000