ZIP Code 04736 Housing Market

📝 Local Market Notes

The housing market in ZIP code 04736 exhibits a robust upward trajectory, with the FHFA House Price Index rising from 187.22 in 2021 to 293.48 in 2025. This represents a cumulative appreciation of approximately 57% over four years, indicating sustained demand and increasing asset values within this specific Aroostook County sector. The most recent annual growth rate of 1.98% suggests a stabilization phase following the sharp increases recorded in 2022 and 2024, where the index jumped from 248.98 to 287.77. This recent moderation in growth rates contrasts with the steeper historical gains, pointing to a market that is maturing after a period of rapid expansion. Compared to broader regional metrics, ZIP 04736 displays a notable divergence in current momentum. While the ZIP code grew by 1.98%, the parent Aroostook County experienced a significantly higher year-over-year increase of 8.56%, and the state of Maine saw a 0.98% rise. This lag relative to the county average suggests that 04736 may be experiencing a localized cooling or a different cycle timing than its neighboring areas, such as ZIP 04769, which reported a 7.08% increase. Such divergence often signals that specific sub-markets within a county react to local supply constraints or demographic shifts at different paces than the aggregate county data. The sub-market character of 04736 aligns with the broader economic profile of Aroostook County, which reports a median household income of $56,700 and a median home value of $149,700. With an owner-occupancy rate of 74.5%, the area leans heavily toward homeownership rather than a renter-heavy dynamic. The HPI level of 293.5, when contextualized against the county’s median values, indicates that while prices have risen sharply, the market remains accessible relative to national averages. Prospective buyers should note that the current 7.40% mortgage rate significantly impacts affordability, making the recent slowdown in price appreciation a critical factor for entry timing. Residents and investors must monitor the gap between ZIP-specific growth and county-wide trends to understand local liquidity and valuation stability.

Based on FHFA House Price Index data.