The story of this market
The typical home in ZIP 04056 sells for about $652,450, or $325 per square foot.
Prices are up +4.2% 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 $2,150 a month.
ZIP 04056 — Newfield
The housing market in 04056 remains resilient, characterized by steady price appreciation and limited inventory. Demand continues to be driven by buyers seeking suburban space, though higher interest rates have moderated the pace of sales compared to previous years.
This area is well-suited for families and professionals seeking a balance between suburban living and access to the Portland metro area's amenities.
Median prices moved up 4.2% year over year.
Homes spend a median of 43 days on market with 3.8 months of supply — a fast-moving market.
19% 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 0.0% · poverty 24.0% — 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 11.3%/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 7.4%/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 04056, Cumberland County ME
Crime rates in the area remain low relative to the broader Portland-South Portland metropolitan region, with property crime being the primary concern.
Schools serving the area are generally well-regarded, with local districts maintaining consistent performance metrics and high graduation rates.
The area faces moderate risks related to winter weather and seasonal wind events, with standard flood insurance requirements for properties near water bodies.
Economic momentum is driven by the broader Portland regional economy, with steady demand for residential development and infrastructure improvements.
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.
Commuters typically rely on personal vehicles for access to the Portland employment core, with travel times averaging 30-40 minutes.
The area offers significant access to outdoor recreation, including proximity to lakes, hiking trails, and local community parks.
The rental market is characterized by low vacancy rates and consistent demand, with limited supply of new multi-family units.
The local economy is supported by tourism, healthcare, and small-scale manufacturing, with strong ties to the Portland labor market.
Transportation is primarily highway-dependent, with limited public transit options connecting to the Portland urban core.
Development is focused on small-scale residential infill and the preservation of historic downtown character.
The Cumberland County assessment office manages property valuations with periodic revaluations to ensure market alignment.
Parcels are subject to local school district taxes and municipal service levies.
Property insurance premiums are stable, though coverage for winter-related damage is a standard consideration.
The state continues to see net positive domestic migration, driven by remote workers and retirees.
Maine is a judicial foreclosure state, requiring court oversight for the foreclosure process.
Sellers are required to provide a property disclosure statement covering known material defects.
Data retrieved from 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.
- Acton Fairgrounds4.49.4 mi
- Camp Cody - New Hampshire Summer Camp4.918.3 mi
- Purity Spring Resort4.518.6 mi
- Stone Mountain Arts Center4.818.3 mi
- The Bow4.517 mi
- Wright Museum of World War II4.818 mi
- Windrifter Resort4.117.7 mi
- New Hampshire Farm Museum4.714.6 mi
- Historic Parsonsfield-Porter Covered Bridge4.310.5 mi
- Bonny Eagle Recreation Area4.611.5 mi
- Sun Retreats Westward Shores3.819.1 mi
- Goodhue Boat Company, Wolfeboro4.519.2 mi
- Long Beach Marina, Sebago Maine4.817.6 mi
- Lakefront Landing Marina4.315.7 mi
- Roberts Cove Basin Marina4.719.8 mi
- Province Lake Golf Course4.26.8 mi
- Cornerstone Country Market4.810.8 mi
- Portland International Jetport4.427.5 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Public 18-hole course offering scenic views.
Popular destination for boating, fishing, and swimming.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.