The story of this market
The typical home in ZIP 04075 sells for about $499,742, or $440 per square foot.
Prices are down 17.9% from a year ago, which gives buyers more room to negotiate. Homes take about 18 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $2,460 a month.
ZIP 04075
The Scarborough housing market remains competitive despite a year-over-year decline in median sale prices, which reflects a correction from previous highs. Low inventory levels continue to support price stability, while steady demand from families and commuters keeps the market active. The area's strong school system and proximity to Portland remain primary drivers of market interest.
This ZIP is ideal for families and professionals seeking a suburban lifestyle with high-quality schools and easy access to Portland's urban amenities.
Median prices moved down 17.9% year over year.
Homes spend a median of 18 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 2.8% · poverty 3.5% — a stable, low-distress profile.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 04075, Scarborough town, Maine
Scarborough schools are generally highly regarded within the region, consistently ranking among the top-performing districts in Maine.
The area faces coastal flood risks and typical New England winter weather hazards; property insurance premiums are influenced by proximity to the Atlantic coastline.
Scarborough serves as a major commercial and residential hub for the Greater Portland area, with significant retail development and proximity to major employment centers in Portland and South Portland.
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 and US-1, providing direct access to the Portland employment core, typically within a 15-20 minute drive.
The area features extensive access to coastal beaches, the Eastern Trail for cycling and walking, and numerous local parks and golf courses.
The rental market is characterized by steady demand and limited inventory, with rents reflecting the area's desirability as a suburban alternative to Portland.
The local economy is driven by retail, healthcare, and professional services, with strong integration into the broader Portland-South Portland metropolitan labor market.
The area is served by major highway corridors including I-95 and US-1, facilitating regional connectivity.
Ongoing development focuses on mixed-use projects and residential expansion to accommodate regional population growth.
Parcels are served by the Scarborough School District and local municipal utility districts.
Property insurance costs are moderate but sensitive to coastal hazard exposure.
Data retrieved from data.census.gov for ZCTA 04075.
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.
Popular coastal beach and recreational area.
A major multi-use trail system for walking and cycling.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.