The story of this market
The typical home in ZIP 04963 sells for about $345,000, or $136 per square foot.
Prices are up +4.2% 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 $948 a month.
ZIP 04963 — Oakland
The Oakland housing market shows steady demand driven by its appeal as a residential community with lake access. Prices have seen moderate year-over-year growth, supported by low inventory levels and consistent interest from local buyers.
This ZIP is ideal for families and outdoor enthusiasts seeking a balance between rural lakefront living and proximity to essential services in nearby Waterville.
Median prices moved up 4.2% year over year.
Homes spend a median of 45 days on market with 4.1 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 2.1% · poverty 8.4% — 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 8.5%/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 6.9%/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 04963, Kennebec County ME
Crime rates in Oakland are generally low and consistent with rural Maine averages, with property crime being the most frequently reported incident type.
Schools serving the area are part of RSU 18, which maintains a stable reputation for academic performance and community-focused programming.
The area faces moderate risks related to winter weather and seasonal flooding near lakefront properties, with standard insurance coverage typically available.
Economic momentum is driven by local service industries and proximity to the Waterville employment hub, with steady demand for residential housing.
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 most residents driving 15-20 minutes to reach major employment centers in Waterville or Augusta via I-95.
The area features extensive access to Messalonskee Lake and local trail networks, providing significant outdoor recreation opportunities for residents.
The rental market is characterized by low vacancy rates and high demand, particularly for seasonal or lake-adjacent properties.
The local economy is supported by a mix of small businesses, healthcare services, and proximity to the larger industrial and educational base in Waterville.
Development is primarily focused on residential infill and small-scale commercial expansion along the main corridors.
Parcels are subject to RSU 18 school district taxes and standard municipal levies.
Property insurance remains stable, though premiums are influenced by regional wildfire and winter storm risk assessments.
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.
A major recreational lake offering boating, fishing, and swimming.
Public access point for lake recreation and community events.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.