The story of this market
The typical home in ZIP 04988 sells for about $296,936, or $283 per square foot.
Homes take about 47 days to sell. HUD's fair market rent for a two-bedroom is $873 a month.
ZIP 04988 — Unity
The housing market in 04988 is characterized by high vacancy rates and limited inventory, leading to a cautious outlook for buyers and investors. Market data indicates a mismatch between supply and demand, with weak appreciation trends impacting overall affordability. Most figures are derived from regional Waldo County data where specific ZIP-level metrics were unavailable.
This area is best suited for those seeking rural living or affordability, though investors should exercise caution due to high vacancy rates and limited appreciation potential.
Median prices moved sideways 0.0% year over year.
Homes spend a median of 47 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.0% · poverty 16.8% — a stable, low-distress profile.
ZCTA 04988, Waldo County, Maine
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 drive alone to work with an average commute time of approximately 24 minutes.
The area features rural landscapes and proximity to local parks and natural areas typical of the Waldo County region.
The rental market faces challenges including high vacancy pressure, estimated at 27.3%, and softer price growth.
The local economy is largely influenced by the presence of Unity College and regional agricultural and service sectors.
Transportation is primarily automobile-dependent with limited public transit infrastructure.
Data sourced from Census Bureau ACS and Repit market reports.
A primary anchor institution for the local community.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.