The story of this market
The typical home in ZIP 04015 sells for about $455,000, or $250 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 43 days to sell. HUD's fair market rent for a two-bedroom is $1,395 a month.
ZIP 04015 — Casco
The housing market in 04015 is characterized by high vacancy rates and moderate price growth, reflecting its status as a recreational and residential area rather than a dense urban center. While prices remain more affordable than the Portland core, the market is driven by seasonal demand and limited inventory turnover. Buyers should be aware of the high vacancy figures which are typical for this lake-region geography.
This area is best suited for buyers seeking a rural or lake-adjacent lifestyle who are comfortable with a longer commute to the Portland metro area.
Median prices moved up 2.1% year over year.
Homes spend a median of 43 days on market with 4.2 months of supply — a fast-moving market.
15% 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 1.5% · poverty 11.0% — 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 7.6%/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
ZCTA 04015, Cumberland County ME
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.
Residents typically commute by personal vehicle toward the Portland employment core, with travel times generally exceeding 30-40 minutes.
The area features significant access to lakes, including Sebago Lake, and outdoor recreational trails typical of the Lakes Region.
The rental market is characterized by high vacancy rates, partly influenced by seasonal and short-term rental activity in the Lakes Region.
The local economy is primarily driven by tourism, seasonal recreation, and small-scale local services, with many residents commuting to the broader Portland-South Portland labor market.
Transportation is heavily reliant on private vehicle use via state routes connecting to the Portland metro area.
Parcels are subject to municipal property taxes and local school district levies.
Property insurance premiums are influenced by regional wildfire and winter storm risk profiles common to inland Maine.
Data retrieved from census.gov ZCTA profiles and local market reports.
A major regional water body providing boating, fishing, and swimming access.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.