ZIP Code 04250 Housing Market

📝 Local Market Notes

The housing market in ZIP code 04250 exhibits a robust upward trajectory, with the Home Price Index (HPI) rising from 235.47 in 2021 to 360.22 in 2025. This four-year increase represents a cumulative appreciation of approximately 53%, indicating sustained demand within this specific Androscoggin County sub-market. The most recent year-over-year growth of 12.96% underscores continued momentum, outpacing the broader regional trends observed in the parent county and the state of Maine. This performance signals a significant divergence from wider economic indicators. While ZIP 04250 grew by 12.96%, the county average increased by only 6.98%, and the state average rose by a mere 0.98%. Such disparity suggests that ZIP 04250 is experiencing localized demand drivers that are not reflected in the general county or state averages. Nearby ZIPs, such as 04236 with a 25.67% year-over-year increase, confirm that specific pockets within Androscoggin County are heating up more rapidly than the surrounding areas, highlighting a fragmented market landscape where location-specific factors dominate price appreciation. The sub-market character of ZIP 04250 appears to be a mid-tier residential area with strong owner-occupancy potential. The parent county’s median home value of $252,800 and median household income of $67,873 suggest a market accessible to middle-income households rather than a luxury enclave. With an owner-occupancy rate of 67.9%, the area leans toward residential stability, though the median gross rent of $1,010 indicates a viable rental sector. For prospective buyers, the rapid appreciation relative to the national 30-year mortgage rate of 7.40% implies that entry costs are rising faster than typical financing costs. Residents should note that while the market is appreciating quickly, it remains distinct from the slower-moving state average, requiring careful consideration of local inventory and pricing dynamics.

Based on FHFA House Price Index data.