The story of this market
The typical home in ZIP 04062 sells for about $625,000, or $329 per square foot.
Prices are roughly flat from a year ago (+0.4%), a market in balance. Homes take about 43 days to sell. HUD's fair market rent for a two-bedroom is $1,232 a month.
ZIP 04062 — Windham
The Windham housing market is currently exhibiting characteristics of a buyer's market with approximately 7.29 months of supply. While median list prices for houses remain elevated at $625,000, the market is seeing a stabilization in year-over-year price growth. High inventory levels relative to demand are providing buyers with more leverage than in previous quarters.
This ZIP is well-suited for family buyers and commuters seeking a suburban lifestyle with proximity to Portland and outdoor recreational amenities like Sebago Lake.
Median prices moved up 0.4% year over year.
Homes spend a median of 43 days on market with 7.3 months of supply — a balanced-paced market.
0% of listings have cut prices · homes sell at 100% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 1.5% · poverty 3.4% — a stable, low-distress profile.
versus the prior ACS vintage
ZCTA 04062, Cumberland County, Maine
The area is served by the Windham School District, which generally maintains a stable reputation within the Cumberland County educational landscape.
Windham serves as a growing residential suburb of Portland with ongoing development in single-family housing and local retail infrastructure.
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 US Route 302 toward Portland, which serves as the primary employment and service hub for the region.
The area features significant access to Sebago Lake and various local parks, trails, and shopping centers along the Roosevelt Trail corridor.
The rental market is characterized by limited inventory and steady demand, with a median gross rent of $1,189 per month.
The local economy is driven by a mix of retail, services, and residential construction, with many residents commuting to the broader Portland-South Portland metropolitan area.
Transportation is heavily reliant on personal vehicles, with US Route 302 acting as the main arterial corridor connecting the town to the Portland metro area.
Ongoing residential development continues along the Route 302 corridor, focusing on single-family housing and mixed-use retail expansion.
Parcels are subject to municipal property taxes and the Windham School District levy.
Data retrieved from US Census Bureau ACS 2023 5-year estimates via CensusDepth.
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 major regional water body providing extensive recreational opportunities including boating and fishing.
The primary commercial corridor in Windham featuring various retail and dining establishments.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.