The story of this market
The typical home in ZIP 04050 sells for about $655,000, or $383 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 43 days to sell. HUD's fair market rent for a two-bedroom is $2,194 a month.
ZIP 04050 — Long Island
The housing market in ZIP 04050 remains resilient, characterized by high demand and limited inventory, which continues to support price appreciation. While the pace of sales has moderated compared to the pandemic peak, the area remains a highly desirable destination for affluent buyers, keeping the market competitive.
This area is ideal for affluent families and professionals seeking a coastal lifestyle with proximity to Portland, though it remains challenging for first-time buyers due to high entry prices.
Median prices moved up 2.1% 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 0.7% · poverty 4.4% — 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 12.0%/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 8.6%/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 04050, York County ME
Crime rates in the area remain low compared to the broader Portland-South Portland metropolitan region, with property crime being the primary concern.
The area is served by highly-rated public schools within the local district, consistently performing above state averages in proficiency metrics.
The geography faces moderate coastal wind exposure and standard flood risks associated with its proximity to the Atlantic coastline.
Economic momentum is driven by the tourism sector and proximity to the Portland employment core, 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 or local coastal routes toward Portland, with average drive times ranging from 20 to 35 minutes.
The area features extensive access to coastal parks, public beaches, and scenic walking trails, alongside a robust local dining and boutique shopping scene.
The rental market is characterized by high demand and low vacancy rates, with significant pressure from seasonal and short-term rental activity.
The local economy is anchored by tourism, hospitality, and professional services, with strong ties to the broader Portland regional labor market.
Transportation relies heavily on private vehicles, with limited public transit options connecting to the Portland metropolitan core.
Development is strictly regulated to preserve the historic character of the area, with limited new construction projects currently in the pipeline.
The county appraisal district conducts periodic revaluations to align assessed values with current market trends.
Parcels are subject to municipal property taxes and local school district levies, with no major MUD/PID districts reported.
Property insurance premiums are rising due to increased coastal hazard exposure and regional climate risk assessments.
The state continues to see net positive domestic migration, driven by remote workers and retirees relocating from urban centers.
Maine operates as a judicial foreclosure state, requiring court intervention for the foreclosure process.
Sellers are required to provide a property disclosure statement covering known defects, including lead paint and water supply.
Data retrieved from data.census.gov 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.
A popular scenic beach area serving the local community.
A historic and well-regarded private golf facility.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.