The story of this market
The typical home in ZIP 04002 sells for about $425,000, or $245 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 48 days to sell. HUD's fair market rent for a two-bedroom is $1,045 a month.
ZIP 04002 — Alfred
The housing market in 04002 remains stable, characterized by low inventory and steady demand from buyers seeking rural living within reach of the Portland metro area. Prices have seen modest year-over-year growth, reflecting the broader regional trend of limited supply and sustained interest in suburban and rural residential properties.
This ZIP is best suited for family buyers and those seeking a rural lifestyle within commuting distance of the Portland metro area, offering more space and lower entry costs than the immediate coast.
Median prices moved up 2.1% year over year.
Homes spend a median of 48 days on market with 3.5 months of supply — a fast-moving market.
18% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.1% · poverty 9.0% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 7.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 04002, York County ME
Crime rates in the Alfred and Lyman area are generally low, consistent with rural York County trends and significantly lower than the Portland-South Portland urban core.
Schools serving the area are part of local regional units, generally characterized by stable performance and smaller class sizes typical of rural Maine districts.
The area faces standard New England climate risks, including winter storm exposure and localized flood risks near water bodies; property insurance remains stable but sensitive to regional wildfire and storm trends.
Economic momentum is driven by proximity to the Portland metro employment hub, with local growth focused on residential expansion and small-scale commercial services.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Maine) — Maine Resident Homestead Property Tax Exemption: Provides a reduction in the valuation of the homestead for property tax purposes. The exemption amount is set by state statute (currently $25,000 of the just value of the property). The formula is: (Just Value - Homestead Exemption) * Local Tax Rate = Tax Due.
Commuting to the Portland-South Portland employment core typically requires a 35-45 minute drive via state routes and I-95, with limited public transit options available.
The area offers significant access to outdoor recreation, including local lakes, hiking trails, and rural greenbelts, with major shopping and dining concentrated in nearby Sanford or Biddeford.
The rental market is characterized by low vacancy pressure and steady demand from local workers, with limited short-term rental inventory compared to coastal tourist hubs.
The local economy is a mix of small businesses, agriculture, and service-sector jobs, with many residents commuting to the larger Portland-South Portland metro area for professional employment.
Transportation is primarily automobile-dependent, relying on state highways to connect to the I-95 corridor for regional access.
Development is primarily focused on low-density residential infill and small-scale commercial projects consistent with rural zoning.
Parcels are subject to municipal property taxes and regional school district assessments.
Property insurance premiums are influenced by regional wildfire and winter storm risk profiles common to southern Maine.
Data retrieved from Census Reporter and Data Commons for ZCTA 04002.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Funtown Splashtown USA4.512.9 mi
- Urban Air Trampoline and Adventure Park3.819.8 mi
- Palace Playland4.215.5 mi
- Raptor Falls Mini Golf & Adventure Park4.810.3 mi
- Round1 Bowling & Arcade - South Portland4.119.4 mi
- The Nonantum Resort4.615.1 mi
- The Front Porch Piano Bar & Restaurant4.518.5 mi
- Acton Fairgrounds4.49.5 mi
- Round1 Bowling & Arcade - South Portland4.119.4 mi
- Wonder Mountain Fun Park4.316.4 mi
- Funtown Splashtown USA4.512.9 mi
- Seashore Trolley Museum4.711.9 mi
- Smitty's Cinema Sanford4.37.3 mi
- Saco Heath Preserve4.810.4 mi
- Garden Street Bowl4.611.1 mi
- Seashore Trolley Museum4.711.9 mi
- Lobster Point Lighthouse4.618.9 mi
- Goat Island Lighthouse4.416.6 mi
- Ogunquit Museum of American Art4.719.6 mi
- Bush Exhibit4.314.5 mi
- Funtown Splashtown USA4.512.9 mi
- Saco Heath Preserve4.810.4 mi
- Clifford Park4.511.9 mi
- Edwin L Smith Preserve (Kennebunkport Conservation Trust)4.712.7 mi
- Pleasant Point Park4.58.6 mi
- Arundel Wharf - Seafood - Cocktail Bar - Craft Beer4.314.7 mi
- New Bridge Marina4.615.1 mi
- Sanford Country Club4.19.5 mi
- Dutch Elm Golf Course4.27.8 mi
- Merriland Farm4.812.1 mi
- Salmon Falls Resort Golf Course4.59.2 mi
- Shaw's411.8 mi
- Sea Salt Lobster4.312.7 mi
- T.J. Maxx4.48.8 mi
- Renys Department Store4.511.8 mi
- Shaw's47.3 mi
- Portland International Jetport4.421.1 mi
- Portsmouth International Airport4.630.2 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Popular local spot for swimming and recreation.
Historical site preserving local Shaker heritage.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.