The story of this market
The typical home in ZIP 04017 sells for about $509,900, or $328 per square foot.
Prices are up +1.3% from a year ago, so sellers still have some momentum. Homes take about 21 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $2,063 a month.
ZIP 04017 — Chebeague Island
The housing market in 04017 is characterized by low inventory and high seasonal demand, typical of an island community. Prices remain stable with limited turnover, driven by the unique lifestyle appeal rather than traditional urban economic factors.
This ZIP is best suited for those seeking a quiet, island-based lifestyle, including retirees and remote workers who prioritize coastal access over proximity to urban amenities.
Median prices moved up 1.3% year over year.
Homes spend a median of 21 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 100% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 1.3% · poverty 12.5% — 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 3.2%/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 3.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 04017, Cumberland County ME
The area is an island community in Casco Bay, facing inherent risks related to coastal flooding, storm surges, and wind exposure.
Economic activity is primarily driven by seasonal tourism, local services, and remote work, with limited large-scale industrial or corporate development.
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 employment core requires a ferry transit to the mainland followed by a drive, making it a non-traditional commute.
The area features extensive coastal access, island trails, and local parks, with limited commercial shopping districts.
The rental market is highly seasonal with limited year-round inventory and significant pressure from short-term vacation rentals.
The local economy is heavily reliant on tourism, hospitality, and small-scale local services.
Transportation is dependent on the Casco Bay Lines ferry service to the mainland.
No major commercial or residential developments are currently reported for this island geography.
The area is served by the Chebeague Island School Department.
Property insurance premiums are elevated due to coastal hazard exposure and island logistics.
Data retrieved from US Census Bureau ZCTA-level tables.
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.
Local resource for residents.
Historic 9-hole course serving the island community.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.