The story of this market
The typical home in ZIP 04021 sells for about $782,000, or $335 per square foot.
Prices are down 16.8% 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 $2,579 a month.
ZIP 04021 — Cumberland
The Cumberland housing market is experiencing a period of price normalization following significant growth, with a median price of $782K. While inventory remains tight, the market is showing signs of cooling as buyers react to higher price points and interest rate environments. Demand remains supported by the area's high quality of life and strong school district.
This ZIP is ideal for families and professionals seeking a high quality of life, top-tier schools, and a suburban environment within a reasonable commute to Portland.
Median prices moved down 16.8% year over year.
Homes spend a median of 43 days on market with 3.2 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 0.3% · poverty 3.8% — 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 8.2%/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 5.6%/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 04021, Cumberland County ME
Cumberland maintains a low crime rate, consistently ranking as one of the safer communities in the Portland metropolitan area.
The area is served by highly-rated public schools within the Maine School Administrative District 51, known for strong academic performance and community engagement.
The region faces moderate risks from winter storms and coastal wind events, with specific flood-prone areas identified near the Foreside and coastal zones.
Economic momentum is driven by proximity to Portland's employment hub, with steady residential development and a focus on maintaining the town's rural-suburban character.
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 primarily commute by car to Portland, typically taking 20-30 minutes via I-295; public transit options are limited, relying mostly on personal vehicles.
The area features extensive trail networks, the Twin Brook Recreation Area, and proximity to Casco Bay for boating and coastal activities.
The rental market is tight with limited inventory, primarily consisting of single-family homes and small multi-unit properties, keeping rents elevated.
The local economy is anchored by proximity to Portland's diverse sectors, including healthcare, education, and professional services, with a strong local base in small business and agriculture.
Transportation is heavily reliant on the I-295 corridor, which provides the primary link to Portland and the broader Maine coast.
Development is strictly managed through local zoning to preserve the town's rural character while allowing for controlled residential growth.
The Cumberland County assessment office oversees property valuations, which are updated periodically to reflect market changes.
Parcels are subject to MSAD 51 school district taxes and local municipal levies.
Property insurance premiums are influenced by coastal proximity and winter storm exposure, with standard coverage widely available.
Maine has seen steady net domestic migration, with many new residents moving from the Northeast for lifestyle and remote-work opportunities.
Maine is a judicial foreclosure state, requiring court intervention for the foreclosure process.
Sellers are required to provide a property disclosure statement covering known defects, though Maine is generally a 'buyer beware' state regarding latent defects.
Data retrieved from data.census.gov ZCTA 04021 profile.
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.
Extensive trails and sports fields serving the community.
Public golf course offering year-round recreational opportunities.
Provides access to boating, fishing, and coastal scenery.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.