ZIP Code 04236 Housing Market

📝 Local Market Notes

The housing market in ZIP code 04236, located within Androscoggin County, Maine, exhibits a complex and volatile price trajectory over the past five years. The Home Price Index (HPI) rose steadily from 226.58 in 2021 to a peak of 284.33 in 2023. However, this upward momentum reversed in 2024, with the index dipping to 261.29, indicating a period of correction or stagnation. The most recent data for 2025 shows a sharp rebound, with the HPI surging to 328.36. This recent spike suggests a significant acceleration in home values, potentially driven by limited inventory or specific local demand factors that were not present in the prior year. ZIP 04236 demonstrates a stark divergence from broader regional trends. The ZIP code’s year-over-year appreciation of +25.67% significantly outpaces the Androscoggin County average of +6.98% and the statewide growth of +0.98%. This substantial gap signals that the local sub-market is decoupling from general state and county dynamics. While the broader Maine market remains relatively flat, 04236 is experiencing rapid value expansion. Nearby ZIP codes, such as 04250 and 04280, show more moderate growth rates of +12.96% and +10.42% respectively, further isolating 04236 as a high-growth outlier within the county. The sub-market character of ZIP 04236 appears to be a premium segment relative to the parent county. With a ZIP HPI of 328.4, home values are likely well above the county median of $252,800. The county’s owner-occupancy rate of 67.9% and median household income of $67,873 suggest a stable, mixed-income community, but the rapid price appreciation in 04236 implies a shift toward higher-value transactions. For prospective buyers, the primary consideration is the steep recent price escalation. Entering this market in 2025 requires acknowledging that home values have increased by over 25% in a single year, a pace that significantly exceeds national mortgage rate pressures of 7.40%. Residents should anticipate higher entry costs compared to neighboring areas, reflecting a localized demand surge that distinguishes 04236 from the rest of Androscoggin County.

Based on FHFA House Price Index data.