The story of this market
The typical home in ZIP 04047 sells for about $509,245, or $355 per square foot.
Prices are down 12.5% from a year ago, which gives buyers more room to negotiate. Homes take about 34 days to sell. HUD's fair market rent for a two-bedroom is $1,185 a month.
ZIP 04047 — Parsonsfield
The Kennebunk housing market is currently experiencing a price correction with a 12.5% year-over-year decline in median sale price to $509K. Despite this, the market remains competitive with a low 2.7 months of supply and homes selling near the asking price. High demand for coastal property continues to support market activity, though buyers are increasingly price-sensitive.
This ZIP is ideal for families and professionals seeking a coastal lifestyle with access to Portland, though the competitive market and high price points often favor established buyers.
Median prices moved down 12.5% year over year.
Homes spend a median of 34 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 2.9% · poverty 12.0% — a stable, low-distress profile.
versus the prior ACS vintage
ZCTA 04047, York County ME
The area is served by Regional School Unit 21, which generally maintains a positive reputation within the York County region.
The coastal geography of Kennebunk presents risks related to storm surge and flooding, with insurance premiums reflecting regional exposure to Atlantic weather patterns.
Economic momentum is driven by tourism, local services, and proximity to the Portland employment hub, with steady demand for residential 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.
Residents primarily commute via I-95 toward Portland or Portsmouth, with average commute times reflecting a suburban-to-urban transit profile.
The area features significant access to coastal beaches, the Kennebunk River, and various local parks and golf courses, serving as a major regional recreational destination.
The rental market is characterized by high seasonal demand and limited inventory, with significant pressure from short-term vacation rentals.
The local economy is anchored by tourism, hospitality, and small-scale professional services, with many residents commuting to the broader Portland-South Portland metro area.
The area is served by I-95 and US Route 1, providing primary transit corridors for regional commuting.
Development is focused on maintaining the historic character of the town while managing moderate residential growth.
Parcels are subject to municipal property taxes and the Regional School Unit 21 district levy.
Property insurance costs are influenced by coastal hazard exposure and regional climate risk assessments.
Data retrieved from data.census.gov ZCTA 04047 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.
- White Lake Speedway4.316.6 mi
- Acton Fairgrounds4.415.3 mi
- Camp Cody - New Hampshire Summer Camp4.913.3 mi
- Purity Spring Resort4.512.8 mi
- Stone Mountain Arts Center4.812.2 mi
- Downtown Grill4.418.6 mi
- Wright Museum of World War II4.818.2 mi
- Windrifter Resort4.118.2 mi
- New Hampshire Farm Museum4.719.2 mi
- Historic Parsonsfield-Porter Covered Bridge4.34.3 mi
- Bonny Eagle Recreation Area4.612.4 mi
- Sun Retreats Westward Shores3.814.4 mi
- Goodhue Boat Company, Wolfeboro4.519.6 mi
- Long Beach Marina, Sebago Maine4.815.7 mi
- Lakefront Landing Marina4.310.9 mi
- Province Lake Golf Course4.24.7 mi
- Ocean State Job Lot4.210.7 mi
- Indian Mound Shopping Center3.812.9 mi
- Portland International Jetport4.430.4 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A major coastal attraction serving the local community and tourists.
A historic private golf course located near the coast.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass. Coherence hold-out: this pass's median rent ($11,000) sat outside the 0.25–4× band around York County's retained level and was not stored.