The story of this market
The typical home in ZIP 04973 sells for about $308,000, or $155 per square foot.
Homes take about 45 days to sell. HUD's fair market rent for a two-bedroom is $940 a month.
ZIP 04973 — Searsmont
The housing market in 04973 is characterized by low inventory and limited sales activity, typical of a rural Maine community. Prices have remained stable, with a median sale price of $308,000, reflecting a quiet market with little speculative pressure.
This ZIP is best suited for those seeking a rural, quiet lifestyle, including families and individuals looking for space and privacy away from urban centers.
Median prices moved sideways 0.0% year over year.
Homes spend a median of 45 days on market with 4.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 90.6% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.4% · poverty 6.6% — a stable, low-distress profile.
versus the prior ACS vintage
ZCTA 04973, Waldo County ME
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.
Residents typically rely on personal vehicles for commuting to regional employment hubs in Belfast or Augusta.
The area features rural landscapes, proximity to local ponds, and access to outdoor recreational activities typical of the Midcoast Maine region.
The rental market is limited, with low inventory and high demand for single-family housing units.
The local economy is primarily driven by small-scale agriculture, forestry, and tourism-related services common to Waldo County.
Public transit is not available; the area is served by state and local road networks.
Parcels are subject to local municipal and Waldo County administrative and school district levies.
Data retrieved from Maine-Demographics.com and Census Bureau ACS 2024 estimates.
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 prominent local water body used for recreation.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.