The story of this market
The typical home in ZIP 04968 sells for about $325,000, or $185 per square foot.
Prices are up +2.4% from a year ago, so sellers still have some momentum. Homes take about 62 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,450 a month.
ZIP 04968
The housing market in 04968 is characterized by low inventory and steady, modest price appreciation driven by limited supply. Demand remains consistent among local buyers, though the rural nature of the area keeps transaction volumes low compared to more urbanized regions.
This ZIP is best suited for those seeking a quiet, rural lifestyle, including retirees, remote workers, and families who prioritize outdoor access over proximity to urban employment centers.
Median prices moved up 2.4% year over year.
Homes spend a median of 62 days on market with 4.8 months of supply — a balanced-paced market.
12% of listings have cut prices · homes sell at 98.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.1% · poverty 9.8% — 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 9.4%/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 6.3%/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 04968, Penobscot County ME
Crime rates in this rural Maine community remain significantly lower than national and state averages, with property and violent crime incidents being rare.
Schools serving this area are part of regional administrative units that generally maintain small class sizes and stable performance ratings consistent with rural Maine standards.
The area faces moderate risks related to winter weather and seasonal forest fire exposure, with standard insurance coverage typically available but subject to regional wildfire risk assessments.
Economic momentum is driven by local forestry, small-scale tourism, and remote work, with limited large-scale industrial development or major infrastructure expansion currently underway.
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, involving travel on state routes to reach regional employment hubs in larger nearby towns.
The area offers extensive access to outdoor recreation, including nearby lakes, hiking trails, and seasonal forest activities, with limited commercial shopping centers within a 3-mile radius.
The rental market is characterized by low inventory and high demand for seasonal or long-term housing, with limited new multi-family construction.
The local economy is anchored by small-scale agriculture, forestry, and local government services, with a growing segment of the population engaged in remote work.
Transportation is almost exclusively private vehicle-based, with no public transit infrastructure serving this rural geography.
There are no major commercial or residential developments currently approved or under construction in this ZIP code.
The county appraisal district conducts periodic revaluations to align assessed values with market trends, though rural property assessments often lag behind rapid market shifts.
Parcels are subject to municipal property taxes and regional school district levies, with no significant MUD or PID special districts present.
Property insurance premiums are stable but reflect regional risks associated with severe winter weather and wildfire exposure in forested areas.
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.
- Taylor Park Trading Post4.42.2 mi
- Gunnison National Forest4.811.4 mi
- Denny Creek Trailhead4.810.9 mi
- Silver Plume Rentals512.7 mi
- St. Elmo, CO4.712 mi
- Taylor Park Trading Post4.42.2 mi
- Gunnison National Forest4.811.4 mi
- Denny Creek Trailhead4.810.9 mi
- Cottonwood Pass57.1 mi
- Taylor Park Marina4.83.1 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Provides extensive hiking and snowmobile trails.
Public boat launches and seasonal fishing access.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.