The story of this market
The typical home in ZIP 04290 sells for about $240,062, or $155 per square foot.
Homes take about 37 days to sell. HUD's fair market rent for a two-bedroom is $723 a month.
ZIP 04290 — Peru
The housing market in Peru, Maine (04290) is characterized by low transaction volume and high vacancy rates, indicating a slow-moving, rural market. With a median home value of approximately $240,000 and limited rental demand, the area presents significant challenges for investors seeking high yields or rapid appreciation.
This area is primarily suited for local residents or those seeking rural, low-density living, as the market lacks the high-turnover characteristics typically sought by active investors or commuters.
Median prices moved sideways 0.0% year over year.
Homes spend a median of 37 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 1.1% · poverty 9.2% — a stable, low-distress profile.
ZCTA 04290, Peru, 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.
The rental market in Peru is characterized by low renter density and high vacancy rates, suggesting limited depth for investors.
The local economy is primarily rural with limited major industrial anchors, reflecting the broader economic profile of Oxford County.
Data sourced from Repit.org market analysis for Peru, ME.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.