The story of this market
The typical home in ZIP 04937 sells for about $235,000, or $185 per square foot.
Prices are up +2.2% from a year ago, so sellers still have some momentum. Homes take about 45 days to sell. HUD's fair market rent for a two-bedroom is $1,001 a month.
ZIP 04937 — Fairfield
The Fairfield housing market remains stable with solid affordability compared to broader state trends. Inventory levels are modest, and demand is supported by local employment stability, leading to a balanced market environment for buyers and sellers.
This ZIP is well-suited for families and local workers seeking affordable housing options in a quiet, central Maine setting. It appeals to those who prioritize a lower cost of living and proximity to regional employment centers over high-density urban amenities.
Median prices moved up 2.2% year over year.
Homes spend a median of 45 days on market with 3.5 months of supply — a fast-moving market.
12% 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 2.8% · poverty 10.9% — 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 5.5%/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 3.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 04937, Somerset County ME
Crime rates in Fairfield are generally consistent with regional averages for central Maine, with property crime being the primary concern. Local law enforcement maintains a stable presence, and the area is considered relatively safe compared to larger urban centers in the state.
Public schools serving the area are part of the local district, which generally receives moderate performance ratings. Educational quality is considered stable, with community-focused programming and standard curriculum offerings.
The area faces typical New England climate risks, including winter storm impacts and potential seasonal flooding near the Kennebec River. Property insurance remains available, though premiums are influenced by regional wildfire and wind exposure assessments.
Economic momentum is driven by local manufacturing, healthcare, and educational services in the surrounding Waterville-Fairfield corridor. Infrastructure development is focused on maintaining regional transit connectivity and supporting small-scale residential growth.
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 residents utilizing U.S. Route 201 and nearby I-95 for access to employment hubs in Waterville and Augusta. Public transit options are limited, making personal vehicle ownership essential for most residents.
The area offers access to the Kennebec River for boating and fishing, along with local parks and trail systems for outdoor recreation. Shopping and dining amenities are concentrated along the main commercial corridors, providing basic services within a short drive.
The rental market is characterized by steady demand from local workers and students, with limited new inventory keeping vacancy rates low. Short-term rental activity is present but remains a small portion of the overall housing stock.
The economy is anchored by a mix of manufacturing, retail, and public sector employment. Proximity to Waterville provides additional opportunities in higher education and healthcare.
The area is served by major highway corridors including I-95 and Route 201, facilitating regional travel. Public transportation is minimal, relying on regional bus services for limited connectivity.
Development is primarily focused on small-scale residential infill and commercial maintenance. No major large-scale projects are currently reported for this specific ZIP.
The Somerset County assessment regime follows state-mandated guidelines for property valuation, with periodic revaluations to ensure tax equity.
Parcels are subject to municipal taxes and local school district levies. No major special utility or hospital districts are reported for this area.
Property insurance is generally available, though premiums are sensitive to regional weather patterns and wildfire risk assessments common in Maine.
Data retrieved from US Census Bureau and local market reports.
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.
- Common Ground Country Fair4.715.3 mi
- Augusta Civic Center4.319.8 mi
- Waterville Opera House4.73.3 mi
- Skowhegan State Fairgrounds4.114.2 mi
- Silver Street Tavern & Restaurant4.33.4 mi
- Colby College Museum of Art4.83.5 mi
- Flagship Premium Cinemas4.34.5 mi
- Quarry Road Trails4.72.8 mi
- Children's Discovery Museum4.32.7 mi
- Two Cent Bridge4.63.1 mi
- Colby College Museum of Art4.83.5 mi
- Waterville Opera House4.73.3 mi
- Children's Discovery Museum4.32.7 mi
- Two Cent Bridge4.63.1 mi
- Skowhegan Indian4.413.4 mi
- Quarry Road Trails4.72.8 mi
- Mill Island Park4.50.5 mi
- Pleasant Point Park4.57.8 mi
- Lake George Regional Park HQ4.611.9 mi
- North Street Recreation Area4.53 mi
- Natanis Golf Course4.612.5 mi
- Champions Fitness Club4.32.6 mi
- T.J. Maxx4.44.4 mi
- Shaw's4.24.6 mi
- The Apple Farm4.87.8 mi
- J F K Mall4.34.4 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Provides opportunities for fishing, boating, and scenic views.
Local green space for community gatherings and outdoor activities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.