The story of this market
The typical home in ZIP 04043 sells for about $1,100,000, or $701 per square foot.
Prices are down 24.6% from a year ago, which gives buyers more room to negotiate. Homes take about 64.5 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,425 a month.
ZIP 04043 — Kennebunk
The housing market in 04043 is experiencing a significant correction, with median prices retreating from recent peaks and inventory levels rising. High interest rates and seasonal demand shifts are cooling buyer activity, resulting in longer days on market and increased price-cut frequency. The market remains highly sensitive to luxury-tier fluctuations and seasonal tourism cycles.
This area is best suited for affluent retirees, second-home buyers, and those seeking a coastal lifestyle, as high price points and seasonal volatility may challenge primary-residence family buyers.
Median prices moved down 24.6% year over year.
Homes spend a median of 65 days on market with 31.5 months of supply — a slower-moving market.
18% of listings have cut prices · homes sell at 95.3% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.4% · poverty 7.3% — 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 12.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 04043, York County ME
Schools serving the area are generally well-regarded, reflecting the broader quality of the Regional School Unit 21 district.
The area faces coastal flood risks and potential wind damage from Atlantic storm systems, necessitating careful insurance planning.
Economic momentum is driven by tourism and seasonal hospitality, with limited large-scale industrial development in the immediate ZIP.
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 typically requires a 30-45 minute drive via I-95 or US-1.
The area features extensive coastal access, beaches, and historic village centers with high-end dining and boutique shopping.
The rental market is heavily influenced by seasonal demand and short-term vacation rentals, leading to limited year-round inventory.
The local economy is anchored by the tourism, hospitality, and service sectors, with significant reliance on seasonal visitors.
Transportation is primarily automobile-dependent, with access to the Portland-South Portland transit network via regional highway corridors.
Development is strictly managed by local zoning to preserve the historic character of the coastal village.
York County assessments are conducted by municipal assessors following state guidelines for fair market value.
Parcels are subject to municipal property taxes and Regional School Unit 21 district levies.
Property insurance premiums are elevated due to coastal hazard exposure and the prevalence of high-value, older residential structures.
Maine is a judicial foreclosure state, requiring court intervention for the foreclosure process.
Sellers are required to provide a property disclosure statement regarding known defects, though the state is generally caveat emptor.
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.
- Funtown Splashtown USA4.511.1 mi
- Urban Air Trampoline and Adventure Park3.819.8 mi
- Palace Playland4.212.6 mi
- Raptor Falls Mini Golf & Adventure Park4.84 mi
- Aquaboggan Water Park4.312.9 mi
- The Nonantum Resort4.67.3 mi
- The Front Porch Piano Bar & Restaurant4.511.7 mi
- Acton Fairgrounds4.415.8 mi
- The York River Landing4.319.8 mi
- Round1 Bowling & Arcade - South Portland4.119.5 mi
- Funtown Splashtown USA4.511.1 mi
- Apple Cinemas Saco and IMAX4.311.2 mi
- Rachel Carson National Wildlife Refuge4.75.2 mi
- Old Orchard Pier4.512.7 mi
- Seashore Trolley Museum4.74.9 mi
- Nubble Lighthouse4.917.4 mi
- Seashore Trolley Museum4.74.9 mi
- Lobster Point Lighthouse4.612 mi
- Ogunquit Museum of American Art4.712.7 mi
- Goat Island Lighthouse4.49.1 mi
- Funtown Splashtown USA4.511.1 mi
- Rachel Carson National Wildlife Refuge4.75.2 mi
- Ferry Beach State Park4.710.8 mi
- Thousand Trails Moody Beach49.5 mi
- Wells Reserve at Laudholm4.85.7 mi
- Arundel Wharf - Seafood - Cocktail Bar - Craft Beer4.36.9 mi
- New Bridge Marina4.619.1 mi
- Dunegrass Golf Club4.212.2 mi
- Sanford Country Club4.17.9 mi
- Atlantic Pines Golf Club at Old Marsh3.98 mi
- Dutch Elm Golf Course4.23.8 mi
- Merriland Farm4.84.6 mi
- Shaw's49.1 mi
- Sea Salt Lobster4.310.4 mi
- T.J. Maxx4.45.4 mi
- Reny's Department Store4.48.1 mi
- Renys Department Store4.59.1 mi
- Portland International Jetport4.421.2 mi
- Portsmouth International Airport4.625.8 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A popular coastal destination known for its scenic views and tidal pools.
Historic district featuring high-end boutiques, galleries, and restaurants.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.