The story of this market
The typical home in ZIP 04989 sells for about $325,000, or $215 per square foot.
Prices are up +4.2% from a year ago, so sellers still have some momentum. Homes take about 68 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,006 a month.
ZIP 04989 — Vassalboro
The housing market in 04989 is characterized by low inventory and moderate price appreciation consistent with rural Maine trends. Market activity remains stable with limited turnover, reflecting a tight supply environment.
Median prices moved up 4.2% year over year.
Homes spend a median of 68 days on market with 4.5 months of supply — a balanced-paced 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 7.4% · poverty 12.0% — 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.
versus the prior ACS vintage
ZCTA 04989, 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.
Data retrieved from data.census.gov ZCTA-level tables.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.