ZIP Code 04096 Housing Market

📝 Local Market Notes

The housing market in ZIP code 04096, located in Cumberland County, Maine, exhibits a robust and accelerating price trajectory over the past five years. The Home Price Index (HPI) for this area has climbed significantly from 237.39 in 2021 to 359.56 in 2025. This represents a cumulative increase of approximately 51.5% in just four years, indicating sustained demand and limited inventory pressure. The most recent year-over-year growth of 7.87% underscores that momentum remains strong, outpacing the broader regional trends. This performance highlights a notable divergence from both the county and state averages. While Cumberland County recorded a 4.07% year-over-year increase and the state of Maine saw only 0.98% growth, ZIP 04096 is appreciating at nearly double the state rate. Such divergence typically signals a specific sub-market dynamic where local demand factors, such as proximity to amenities or employment hubs, are driving prices higher than the surrounding region. Compared to nearby ZIP 04108, which has a higher HPI of 438.7, and ZIP 04084 at 338.4, ZIP 04096 sits in a mid-tier valuation range, suggesting it is not the most expensive enclave in the county but is experiencing faster appreciation. Based on parent county data, the median home value stands at $451,200, with a median household income of $95,677. The owner-occupancy rate of 69.8% indicates a predominantly owner-occupied community rather than a renter-heavy zone. The HPI level of 359.6, which is 3.6 times the 2000 baseline, suggests a market that has appreciated well above historical norms. For prospective buyers, the practical takeaway is that entry into this specific ZIP code requires navigating a rapidly appreciating market. With mortgage rates currently at 7.40%, the cost of financing is elevated, but the consistent price growth in 04096 suggests that holding costs may be offset by strong asset appreciation. Residents should anticipate continued price pressure as the local market outperforms state-wide metrics.

Based on FHFA House Price Index data.