The story of this market
The typical home in ZIP 04039 sells for about $658,106, or $364 per square foot.
Prices are up +33.5% from a year ago, so sellers still have some momentum. Homes take about 10 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,371 a month.
ZIP 04039 — Gray
The housing market in 04039 remains highly competitive with low inventory and strong price appreciation. Demand is driven by buyers seeking suburban space within commuting distance of Portland, keeping days on market low and sale-to-list ratios high.
This ZIP is well-suited for family buyers and commuters seeking a suburban lifestyle with reasonable access to the Portland metro area.
Median prices moved up 33.5% year over year.
Homes spend a median of 10 days on market with 2.7 months of supply — a fast-moving market.
22% of listings have cut prices · homes sell at 100.1% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.4% · poverty 3.4% — 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 10.6%/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 7.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 04039, Cumberland County, ME
Schools in the area are generally well-regarded, serving the local community with consistent performance metrics.
The area faces standard regional risks for New England, including winter storm impacts and occasional flood risks in low-lying zones.
The area benefits from proximity to the Portland employment core, with steady residential development and infrastructure maintenance.
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 via personal vehicle toward Portland, with travel times typically ranging from 20 to 35 minutes depending on traffic.
The area features access to local parks, trail systems, and proximity to regional lakes and golf courses within a short drive.
The rental market is characterized by low vacancy pressure and steady demand, driven by the area's appeal to commuters and families.
The economy is anchored by the Portland metro area, with a mix of education, healthcare, and professional services.
Primarily served by state highway corridors connecting to the Portland-South Portland metro area.
Development is focused on residential expansion and small-scale commercial growth.
Parcels are subject to municipal and county tax levies, with standard school district funding.
Property insurance premiums are influenced by regional hazard profiles, including winter weather and fire risk.
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.
Central hub for local businesses and dining.
Public green space with walking trails.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.