The story of this market
The typical home in ZIP 04288 sells for about $385,211, or $283 per square foot.
Homes take about 47 days to sell. HUD's fair market rent for a two-bedroom is $1,620 a month.
ZIP 04288 — West Minot
The housing market in 04282 is currently a local-operator environment with an average home value of $385,211. Elevated vacancy rates of 8.8% suggest a need for caution, particularly for outside investors who may underestimate the local economic constraints.
This ZIP is best suited for local owner-occupants and experienced operators who understand the specific nuances of the Turner market, as remote or passive investors often struggle with the local underwriting realities.
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) — a stable, low-distress profile.
ZCTA 04282, Androscoggin County ME
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.
The rental market in 04282 shows elevated vacancy at 8.8%, which may signal weakening demand for rental units.
The local economy is characterized by a local-operator market where resident income sits below the county median, impacting rent collection and reinvestment potential.
Data sourced from Repit market analysis for ZIP 04282.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.