The story of this market
The typical home in ZIP 04008 sells for about $395,000, or $215 per square foot.
Prices are down 2.1% from a year ago, which gives buyers more room to negotiate. Homes take about 43 days to sell. HUD's fair market rent for a two-bedroom is $1,850 a month.
ZIP 04008 — Bowdoinham
The 04008 housing market is currently experiencing a period of softness, characterized by elevated vacancy rates and a slight year-over-year decline in median prices. While the area remains attractive for its rural character, the high unemployment rate and limited inventory are creating a cautious environment for both buyers and investors.
This ZIP is best suited for families and individuals seeking a rural lifestyle with access to the mid-coast Maine region, while remaining within commuting distance of larger employment hubs.
Median prices moved down 2.1% year over year.
Homes spend a median of 43 days on market with 4.5 months of supply — a fast-moving market.
12% of listings have cut prices · homes sell at 98.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 13.0% · poverty 13.5% — a mixed stability 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 7.0%/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 5.8%/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 04008, Sagadahoc County ME
Local schools are generally considered stable, serving the rural community of Bowdoinham within the regional district structure.
The area faces standard New England climate risks, including seasonal flooding near the Cathance and Kennebec rivers and winter storm exposure.
Economic momentum is modest, driven by local agriculture and proximity to the Bath-Brunswick employment corridor.
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 primarily involves driving via I-295 toward the Bath-Brunswick industrial area or the Portland metro core.
The area features significant access to the Cathance River, local hiking trails, and proximity to Merrymeeting Bay for outdoor recreation.
The rental market is characterized by limited inventory and high demand, with vacancy rates reflecting the rural nature of the housing stock.
The local economy is anchored by agriculture, small businesses, and proximity to the Bath Iron Works shipyard in nearby Bath.
Transportation is heavily reliant on personal vehicles, with I-295 serving as the primary artery for regional transit.
Development is largely focused on residential infill and preservation of agricultural land.
The Sagadahoc County assessment process relies on municipal-level data collection and state-certified valuation standards.
Parcels are subject to local school district taxes and county-level assessments.
Property insurance premiums are influenced by regional wildfire and flood risk assessments common to coastal Maine.
Maine is a judicial foreclosure state, requiring court intervention for the foreclosure process.
Maine law requires sellers to provide a property disclosure form covering known defects in the home's systems and structure.
Data retrieved from census.gov and incomebyzipcode.com.
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.
- Moose Mountain Adventure Park4.74 mi
- FunZ Trampoline Park3.917 mi
- Monkey C Monkey Do4.69 mi
- Escape Augusta518.9 mi
- Boothbay Lobster Wharf4.518.1 mi
- Robinson's Wharf4.517.4 mi
- The Woodshed4.419.7 mi
- Boothbay Railway Village Museum4.715.4 mi
- Mae's Cafe & Bakery4.59.2 mi
- Maine Maritime Museum4.810.4 mi
- Smitty's Cinema Topsham4.49.2 mi
- Bowdoin College Museum of Art4.710.4 mi
- Androscoggin Swinging Bridge4.710 mi
- Peary-MacMillan Arctic Museum4.710.3 mi
- Maine Maritime Museum4.810.4 mi
- Bowdoin College Museum of Art4.710.4 mi
- Boothbay Railway Village Museum4.715.4 mi
- Peary-MacMillan Arctic Museum4.710.3 mi
- Wiscasset, Waterville and Farmington Railway Museum4.812.1 mi
- Thorne Head Preserve Trail Head4.77.2 mi
- Thomas Point Beach & Campground4.310.1 mi
- The Rumpus Room4.710 mi
- South End Multipurpose Park4.710.2 mi
- Papermill Trail / Miller Park4.811.1 mi
- Birches Lakeside Campground4.213.8 mi
- Paul's Marina4.816.1 mi
- The Meadows Golf Club4.69.6 mi
- Brunswick Golf Club4.610.5 mi
- The Bath Golf Club3.96.9 mi
- Acker's Acres Disc Golf Course and Events Center4.83.6 mi
- Shaw's49.3 mi
- T.J. Maxx4.39.7 mi
- Topsham Fair Mall4.39.1 mi
- Shaw's4.19.1 mi
- Reny's Department Store4.59.1 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Protected land with extensive hiking trails and river access.
A unique inland tidal bay offering boating and wildlife viewing.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.