The story of this market
The typical home in ZIP 04941 sells for about $295,000, or $165 per square foot.
Prices are up +2.5% from a year ago, so sellers still have some momentum. Homes take about 120 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $846 a month.
ZIP 04941 — Freedom
The housing market in 04941 is characterized by low transaction volume and high vacancy rates, reflecting its rural nature. Prices have seen modest growth, but the market remains tight for buyers due to limited inventory and the necessity for careful underwriting. Demand is primarily driven by those seeking rural residential properties rather than speculative investment.
This ZIP is best suited for rural-lifestyle seekers, retirees, or remote workers looking for affordable, low-density living away from urban centers.
Median prices moved up 2.5% year over year.
Homes spend a median of 120 days on market with 7.5 months of supply — a slower-moving market.
12% of listings have cut prices · homes sell at 96% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.7% · poverty 11.0% — 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 6.7%/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 5.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 04941, Waldo County ME
The area faces standard rural Maine climate risks, including winter storm exposure and seasonal wildfire risk in forested zones.
Economic momentum is limited, characterized by a rural, low-density economy with minimal large-scale commercial development.
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.
Commutes are primarily car-dependent, with residents typically traveling to nearby regional hubs like Belfast or Augusta for employment.
The area offers extensive access to rural outdoor recreation, including hiking trails, local forests, and proximity to regional lakes.
The rental market is thin with high vacancy pressure; most inventory consists of single-family homes rather than multi-family units.
The local economy is primarily driven by agriculture, forestry, and small-scale local services.
No major commercial or residential developments are currently reported for this rural ZIP code.
Parcels are subject to local municipal and Waldo County school district levies.
Property insurance premiums are influenced by rural fire protection ratings and regional weather-related hazard exposure.
Data retrieved from Census Bureau 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 swimming, fishing, and camping access in the region.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.