The story of this market
The typical home in ZIP 04226 sells for about $245,000, or $168 per square foot.
Prices are up +3.2% from a year ago, so sellers still have some momentum. Homes take about 42 days to sell. HUD's fair market rent for a two-bedroom is $1,350 a month.
ZIP 04226 — East Andover
The housing market in 04226 remains stable with low inventory and steady demand from local buyers. Prices have seen modest year-over-year growth, reflecting the broader regional trend of limited supply supporting property values.
This ZIP is well-suited for families and individuals seeking a quiet, rural lifestyle with affordable housing options compared to larger urban centers.
Median prices moved up 3.2% year over year.
Homes spend a median of 42 days on market with 4.5 months of supply — a fast-moving 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 0.0% · poverty 0.0% — 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 6.8%/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 5.8%/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 04226, Franklin County ME
Crime rates in this rural Maine community remain significantly lower than the national average, with property crime being the primary concern.
Schools serving this area are part of the regional district, generally characterized by small class sizes and moderate performance metrics.
The area faces moderate risks from winter storms and seasonal flooding near local water bodies, with standard insurance coverage typically available.
Economic momentum is stable, driven primarily by local small businesses, agriculture, and proximity to regional employment hubs in larger nearby towns.
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 typically driving 30-45 minutes to reach major employment centers in the region.
The area offers abundant access to outdoor recreation, including local hiking trails, fishing spots, and proximity to regional lakes and forests.
The rental market is tight with limited inventory, primarily consisting of single-family homes and small multi-unit properties with stable rent growth.
The local economy is anchored by small-scale manufacturing, education, and service-sector businesses serving the surrounding rural population.
Public transit is minimal; the area relies on state highway corridors for regional connectivity.
Development is limited to small-scale residential infill and minor commercial improvements.
The county assessor manages property valuations based on periodic market assessments and state-mandated guidelines.
Parcels are subject to local school district taxes and municipal service levies.
Property insurance remains available, though premiums are influenced by regional wildfire and winter storm risk profiles.
The state has seen modest net domestic migration gains, driven by individuals seeking lower costs of living and rural amenities.
Maine is a judicial foreclosure state, requiring court oversight for the foreclosure process.
Sellers are required to provide a property disclosure statement covering known material defects.
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.
Provides community green space and playground facilities.
Extensive multi-use trails for hiking and snowmobiling.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.