The story of this market
The typical home in ZIP 04956 sells for about $285,000, or $162 per square foot.
Prices are up +3.2% 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 $925 a month.
ZIP 04956 — New Vineyard
The housing market in 04956 remains stable with low inventory and steady demand, typical for this rural region. Prices have seen modest year-over-year growth, driven by limited supply rather than speculative activity. Buyers are primarily local residents or those seeking a rural lifestyle, keeping the market balanced.
This ZIP is best suited for families and individuals seeking a quiet, rural lifestyle with access to outdoor recreation, as well as those who prefer a slower pace of life away from major urban centers.
Median prices moved up 3.2% year over year.
Homes spend a median of 48 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 6.1% · poverty 22.6% — a mixed stability 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 6.3%/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
net influx — more people moved in than out
ZCTA 04956, Penobscot County ME
Crime rates in this rural Maine community remain low and stable, consistent with regional trends for Penobscot County.
Schools serving this area are part of the local regional school unit, generally characterized by small class sizes and community-focused programming.
The area faces standard New England climate risks, including heavy winter snowfall and potential spring flooding near local waterways; property insurance remains available but premiums are sensitive to regional wildfire and storm risk.
Economic momentum is driven by local forestry, small-scale manufacturing, and proximity to regional service hubs, with limited new large-scale infrastructure 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.
Commuting is primarily car-dependent, with residents traveling to nearby employment centers via state routes; public transit options are not available.
The area offers extensive access to outdoor recreation, including local lakes, hiking trails, and snowmobile paths, with basic shopping and dining available in the town center.
The rental market is characterized by low inventory and high demand, with limited turnover and a small presence of seasonal or short-term vacation rentals.
The local economy is anchored by small businesses, forestry, and regional public services, with most residents commuting to larger nearby towns for employment.
Transportation is entirely reliant on private vehicles, with state highways serving as the primary corridors for regional connectivity.
There are no major large-scale commercial or residential developments currently approved or under construction in this ZIP.
The county assessment office conducts periodic revaluations to ensure property tax equity across the jurisdiction.
Parcels are subject to local municipal taxes and regional school district levies; no major MUD or PID districts are present.
Property insurance premiums are stable but reflect the regional risk profile for winter storms and wildfire exposure.
The state has seen modest net domestic migration gains, primarily driven by individuals relocating from more expensive urban areas in the Northeast.
Maine is a judicial foreclosure state, requiring court intervention for the foreclosure process, which typically results in longer timelines.
Sellers are required to provide a property disclosure statement covering known material defects, though the state's 'caveat emptor' tradition remains influential.
Data retrieved from data.census.gov using ZCTA 04956 profile.
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.
- Skowhegan State Fairgrounds4.119.7 mi
- Farmington Fair4.110.1 mi
- HOMESTEAD Kitchen Bar4.29.4 mi
- Titcomb Mountain4.711 mi
- Narrow Gauge Cinemas4.79.5 mi
- Wire Bridge4.96.1 mi
- Wire Bridge4.96.1 mi
- The Sensi Side4.99.5 mi
- Reny's Department Store4.69.4 mi
- Reny's Department Store4.612.1 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Provides seasonal boating and fishing opportunities for residents.
Extensive multi-use trails for hiking and snowmobiling.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.