The story of this market
The typical home in ZIP 04915 sells for about $404,067, or $213 per square foot.
Prices are up +3.7% from a year ago, so sellers still have some momentum. Homes take about 48 days to sell. HUD's fair market rent for a two-bedroom is $972 a month.
ZIP 04915 — Belfast
The Belfast housing market shows signs of stabilization with moderate price growth and steady demand. While inventory remains tight, the market is supported by consistent interest from buyers seeking coastal living, though affordability remains a challenge for some local residents.
This ZIP is well-suited for retirees, remote workers, and families seeking a coastal lifestyle, as it offers a blend of historic charm, outdoor recreation, and a tight-knit community.
Median prices moved up 3.7% year over year.
Homes spend a median of 48 days on market with 6.2 months of supply — a balanced-paced market.
15% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 1.3% · poverty 16.4% — 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 8.4%/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 04915, Waldo County ME
Belfast generally experiences low crime rates consistent with small-town coastal Maine, with property crime being the most common reported incident.
Public schools in the area are served by RSU 71, which provides a standard curriculum for the region; school quality is generally considered stable but varies by specific institution.
The area faces moderate risks from coastal storms and winter weather, with specific flood-zone considerations for properties located near the Penobscot Bay waterfront.
Economic momentum is driven by a mix of tourism, local government, and small-scale manufacturing, with ongoing interest in residential development near the coast.
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.
Commuting is primarily car-dependent, with Route 1 serving as the main artery for travel along the coast toward larger employment hubs like Ellsworth or Bangor.
The area features significant access to Penobscot Bay, local parks like Belfast City Park, and a network of trails including the Belfast Rail Trail.
The rental market is tight due to limited inventory and seasonal demand, with a notable presence of short-term rentals impacting long-term availability.
The economy is anchored by healthcare, education, and a robust tourism sector, with a growing emphasis on small-business entrepreneurship.
Transportation is primarily private vehicle-based, with limited public transit options; the area is served by regional highway corridors.
Development is focused on infill residential projects and maintaining the historic character of the downtown district.
The Waldo County assessment regime relies on municipal-level property valuations conducted periodically to determine tax liability.
Parcels are subject to RSU 71 school district taxes and municipal service levies.
Property insurance premiums are influenced by coastal hazard exposure and the age of the housing stock.
Data retrieved from data.census.gov for ZCTA 04915.
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.
Features waterfront access, picnic areas, and a public pool.
A scenic multi-use path along the Passagassawakeag River.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.