The story of this market
The typical home in ZIP 04975 sells for about $320,000, or $210 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 $1,450 a month.
ZIP 04975 — Shawmut
The housing market in 04975 remains stable with modest price appreciation and low inventory levels. Market activity is driven by local demand and limited new construction, resulting in a balanced but slow-moving environment for buyers and sellers.
This ZIP is best suited for local workers, retirees, and those seeking a rural lifestyle, as it offers affordability compared to coastal Maine but requires a car for most services.
Median prices moved up 4.2% year over year.
Homes spend a median of 45 days on market with 4.5 months of supply — a fast-moving market.
15% 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 0.0% · poverty 57.1% — 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 9.2%/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 5.7%/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 04975, Somerset County, ME
Crime rates in this rural area are generally low and stable, consistent with regional trends in central Maine.
Local schools are primarily served by regional districts, with performance metrics generally aligning with state averages for rural Maine.
The area faces standard regional risks including winter storm impacts and seasonal flooding near water bodies; wildfire risk is generally low.
Economic momentum is modest, driven primarily by local services, agriculture, and small-scale manufacturing, with limited large-scale infrastructure expansion.
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 often traveling to nearby regional employment hubs via state routes.
The area offers access to rural outdoor amenities including local trails, fishing, and seasonal recreational activities typical of the Maine interior.
The rental market is characterized by limited inventory and stable demand, with few large-scale multi-family developments.
The economy is largely supported by small businesses, local government, and regional agricultural operations.
Transportation is almost exclusively via private vehicle, with limited public transit options available in this rural geography.
Development is primarily focused on small-scale residential infill and maintenance of existing infrastructure.
The county assessment process follows state-mandated guidelines for property valuation, with periodic revaluations conducted by municipal assessors.
Parcels are subject to local school district taxes and county-level assessments for regional services.
Property insurance premiums are influenced by regional wildfire and winter weather risk profiles, remaining generally stable.
The state has seen modest net domestic migration gains, particularly from urban areas in the Northeast.
Maine is a judicial foreclosure state, requiring court intervention for the foreclosure process.
Sellers are required to provide a property disclosure statement regarding known defects, though the state is generally caveat emptor.
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.
- Common Ground Country Fair4.715.4 mi
- Waterville Opera House4.74.4 mi
- Skowhegan State Fairgrounds4.113.1 mi
- Silver Street Tavern & Restaurant4.34.5 mi
- Colby College Museum of Art4.84.3 mi
- Flagship Premium Cinemas4.35.5 mi
- Quarry Road Trails4.73.4 mi
- Children's Discovery Museum4.33.8 mi
- Two Cent Bridge4.64.3 mi
- Colby College Museum of Art4.84.3 mi
- Waterville Opera House4.74.4 mi
- Children's Discovery Museum4.33.8 mi
- Two Cent Bridge4.64.3 mi
- Skowhegan Indian4.412.3 mi
- Quarry Road Trails4.73.4 mi
- Mill Island Park4.51.5 mi
- Pleasant Point Park4.58.2 mi
- Lake George Regional Park HQ4.610.6 mi
- North Street Recreation Area4.54 mi
- Champions Fitness Club4.33.6 mi
- T.J. Maxx4.45.5 mi
- Shaw's4.25.6 mi
- The Apple Farm4.86.9 mi
- J F K Mall4.35.5 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Provides access to hiking and seasonal outdoor activities.
Extensive network for snowmobiling and ATV use.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.