The story of this market
The typical home in ZIP 04079 sells for about $487,000, or $440 per square foot.
Prices are down 17.9% from a year ago, which gives buyers more room to negotiate. Homes take about 21 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,317 a month.
ZIP 04079 — Harpswell
The 04079 housing market is currently experiencing a correction with significant year-over-year price declines and increased days on market. Limited inventory persists, but buyer demand has softened, leading to homes selling below list price. Investors are advised to exercise caution due to vacancy pressures and the specific operational requirements of this coastal area.
This ZIP is best suited for local residents and specialists who understand the specific nuances of the Harpswell market, as passive or remote investors often struggle with the local operating environment.
Median prices moved down 17.9% year over year.
Homes spend a median of 21 days on market with 1.7 months of supply — a fast-moving market.
20% of listings have cut prices · homes sell at 98% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 1.6% · poverty 6.1% — a stable, low-distress profile.
versus the prior ACS vintage
ZCTA 04079, 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.
The rental market shows moderate demand with a median rent of $1,674; however, investors face challenges with vacancy pressure and tenant stability concerns.
The local economy is primarily driven by the broader Portland-South Portland metro area, with a mix of coastal industries and regional services.
Data retrieved from data.census.gov and Repit.org market analysis.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.