The story of this market
The typical home in ZIP 04071 sells for about $546,999, or $336 per square foot.
Prices are up +1.4% from a year ago, so sellers still have some momentum. Homes take about 30 days to sell. HUD's fair market rent for a two-bedroom is $965 a month.
ZIP 04071 — Raymond
The housing market in the Portland-South Portland metro area, which includes ZIP 04071, shows a typical home value of $546,999 with a 1.4% year-over-year increase. Inventory remains tight at 2.7 months of supply, keeping upward pressure on prices as buyers compete for limited listings. Market conditions are currently balanced but lean slightly toward sellers due to the low inventory levels.
Median prices moved up 1.4% year over year.
Homes spend a median of 30 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 2.3% · poverty 5.4% — a stable, low-distress profile.
ZCTA 04071, Cumberland County ME
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.
Data retrieved from data.census.gov ZCTA 04071 profile.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.