The story of this market
The typical home in ZIP 04092 sells for about $464,926, or $285 per square foot.
Prices are up +1.1% from a year ago, so sellers still have some momentum. Homes take about 26 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,392 a month.
ZIP 04092 — Westbrook
The 04092 housing market is currently balanced, characterized by moderate price growth and a limited inventory of available homes. Demand remains steady, supported by the area's affordability relative to Portland and ongoing local development projects. Buyers should expect competitive conditions for well-priced properties, while the rental market remains tight.
This ZIP is ideal for commuters and young professionals seeking a balance between Portland's urban amenities and a more suburban, accessible price point.
Median prices moved up 1.1% year over year.
Homes spend a median of 26 days on market with 8.6 months of supply — a balanced-paced 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 2.2% · poverty 8.0% — 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 8.9%/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 6.2%/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 04092, Cumberland County ME
Crime in the Westbrook area is generally considered moderate, with trends remaining stable relative to the broader Portland-South Portland metropolitan region.
Schools serving the area are part of the Westbrook School Department, which provides a standard range of public education services typical for the region.
The area faces standard New England climate risks, including winter storm exposure and localized flood risks near the Presumpscot River, with insurance premiums reflecting regional coastal-adjacent trends.
Westbrook has seen significant economic momentum driven by its proximity to Portland, with ongoing redevelopment of former industrial mill sites into mixed-use residential and commercial spaces.
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 benefit from direct access to I-95 and I-295, providing a straightforward commute to the Portland employment core, typically taking 15-20 minutes by car.
The area features extensive access to the Presumpscot River for kayaking and fishing, numerous local parks, and proximity to major shopping districts in the Portland metro area.
The rental market is characterized by high demand and low vacancy rates, driven by the area's popularity with commuters and the ongoing conversion of older housing stock.
The local economy is anchored by a mix of manufacturing, healthcare, and professional services, with significant spillover employment from the Portland metro area.
The area is served by regional bus transit and maintains strong connectivity to the Portland International Jetport and major highway corridors.
Development is heavily focused on the revitalization of the downtown Westbrook corridor and the continued expansion of the Rock Row site.
The Cumberland County assessment regime relies on municipal-level appraisals conducted periodically to ensure equitable tax distribution.
Parcels are subject to municipal taxes and the Westbrook School Department budget; no significant MUD/PID districts are prevalent.
Property insurance markets are stable, though premiums are influenced by regional wildfire and winter storm risk profiles.
Maine continues to see net positive domestic migration, with many new residents moving from the greater New England area.
Maine is a judicial foreclosure state, requiring court intervention for the foreclosure process.
Sellers are required to provide a property disclosure statement covering known defects, including lead paint and water supply issues.
Data retrieved from data.census.gov 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.
Provides trails, fishing, and recreational boating access.
Central community park hosting local events and concerts.
A major mixed-use development featuring retail, dining, and entertainment.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.