The story of this market
The typical home in ZIP 04048 sells for about $510,000, or $245 per square foot.
Prices are down 12.5% from a year ago, which gives buyers more room to negotiate. Homes take about 47 days to sell. HUD's fair market rent for a two-bedroom is $1,758 a month.
ZIP 04048 — Limerick
The 04048 housing market is currently experiencing a cooling phase, with median prices stabilizing after recent years of rapid growth. Inventory remains tight, and while demand persists, higher interest rates have tempered buyer activity, leading to longer days on market compared to the previous cycle.
This ZIP is well-suited for family buyers and commuters seeking a more rural, affordable lifestyle compared to the immediate Portland suburbs.
Median prices moved down 12.5% year over year.
Homes spend a median of 47 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 1.8% · poverty 6.9% — 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 10.1%/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 7.8%/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 04048, York County ME
Schools serving the area are generally rated as average to above-average within the regional context.
The area faces standard New England climate risks, including winter storm exposure and potential for localized flooding in low-lying areas.
Economic momentum is driven by proximity to the Portland metro employment core and local service-sector growth in York County.
Property taxes are assessed at the municipal level in Limerick, with rates determined by local budget requirements and state-mandated assessment practices.
Commuting typically requires personal vehicle use, with travel times to the Portland employment core averaging 45-60 minutes.
The area offers access to rural outdoor amenities, including local lakes, hiking trails, and proximity to regional parks in York County.
The rental market is characterized by limited inventory and steady demand, with a mix of long-term residential rentals and seasonal housing.
The local economy is supported by small businesses, regional services, and a significant portion of the workforce commuting to the Portland-South Portland metro area.
Public transit is minimal; the area relies heavily on private vehicle infrastructure via state routes connecting to larger highway corridors.
Development is primarily focused on low-density residential expansion and small-scale commercial improvements.
Parcels are subject to municipal property taxes and regional school district levies.
Property insurance premiums are influenced by regional wildfire and winter storm risk profiles common to inland Maine.
Data retrieved from data.census.gov ZCTA 04048 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.
- Acton Fairgrounds4.412.6 mi
- Camp Cody - New Hampshire Summer Camp4.919.9 mi
- Purity Spring Resort4.519.3 mi
- Stone Mountain Arts Center4.817.2 mi
- The Bow4.516.6 mi
- Historic Babb's Covered Bridge4.717.8 mi
- New Hampshire Farm Museum4.718.5 mi
- Historic Parsonsfield-Porter Covered Bridge4.310.4 mi
- Bonny Eagle Recreation Area4.67.4 mi
- Long Beach Marina, Sebago Maine4.813.6 mi
- Lakefront Landing Marina4.317.5 mi
- New Bridge Marina4.619.5 mi
- Province Lake Golf Course4.29.5 mi
- Salmon Falls Resort Golf Course4.512.8 mi
- Cornerstone Country Market4.811.4 mi
- Portland International Jetport4.424.2 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Local commercial hub providing essential services and dining.
Popular destination for seasonal recreation and water activities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.