The story of this market
The typical home in ZIP 04009 sells for about $317,100, or $205 per square foot.
Prices are up +3.2% 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 $1,188 a month.
ZIP 04009 — Bridgton
The housing market in 04009 remains stable with modest price appreciation driven by limited inventory and steady demand for rural residential properties. While sales volume is constrained by low supply, the area continues to attract buyers looking for recreational access and a quieter lifestyle. Market conditions are expected to remain balanced as seasonal demand persists.
This ZIP is ideal for families and outdoor enthusiasts seeking a rural lifestyle with access to lakes and mountains, while remaining within commuting distance of the Portland metro area.
Median prices moved up 3.2% year over year.
Homes spend a median of 45 days on market with 5.8 months of supply — a balanced-paced market.
12% 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 4.7% · poverty 12.4% — 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 6.2%/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 6.2%/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 04009, Cumberland County, ME
Bridgton generally experiences low rates of violent crime compared to national averages, with property crime remaining the primary concern for local law enforcement.
Schools in the area are primarily served by MSAD 61, which provides standard public education services for the region.
The area is subject to seasonal weather risks including heavy winter snowfall and potential localized flooding near lakes and streams.
Economic momentum is driven by tourism, seasonal recreation, and small-scale local services, with limited large-scale industrial development.
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.
Commuting to the Portland employment core typically requires a drive of approximately 45-60 minutes via US-302 and ME-117.
The area is a hub for outdoor recreation, featuring access to Highland Lake, Moose Pond, and numerous hiking trails, alongside the historic downtown shopping district.
The rental market is tight due to high demand for seasonal housing and limited multi-family inventory, leading to steady rent growth.
The local economy is anchored by tourism, healthcare services, and small-scale retail, with many residents commuting to the greater Portland area for employment.
Public transit is limited; the area is heavily reliant on personal vehicles for regional connectivity.
Development is focused on small-scale residential infill and improvements to existing commercial infrastructure.
The county assessment regime follows state-mandated valuation standards with periodic revaluations to ensure tax equity.
Parcels are subject to municipal property taxes and school district levies under MSAD 61.
Property insurance premiums are influenced by wildfire risk in wooded areas and winter storm exposure.
The state has seen a net positive domestic migration trend, particularly from urban centers 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 covering known defects in major systems.
Data retrieved from data.census.gov ZCTA-level profiles.
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.
Popular for boating, fishing, and swimming.
Major regional destination for winter sports.
Historic district with local boutiques and restaurants.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.