ZIP Code 04429 Housing Market
ZIP code 04429 is located in Hancock County, Maine. Based on the FHFA House Price Index, the most recent annual HPI value is 258.4 (2000 = 100) , with a year-over-year change of -4.54% as of 2025.
📈 04429 HPI Trend
FHFA House Price Index for Five-Digit ZIP Codes (2000 = 100)
📝 Local Market Notes
The housing market in ZIP code 04429 exhibits a distinct price trajectory characterized by rapid appreciation followed by a recent correction. From 2021 to 2024, the Home Price Index (HPI) surged from 178.03 to 270.67, indicating a period of significant demand and value expansion. However, the index retreated to 258.38 in 2025, resulting in a year-over-year decline of 4.54%. This recent softening contrasts sharply with the broader regional trends, where Hancock County recorded a 3.67% increase and the state of Maine saw a 0.98% rise. This divergence suggests that ZIP 04429 is experiencing a localized cooling effect, potentially driven by specific inventory constraints or shifting local demand dynamics that are not yet reflected in the wider county or state aggregates. In terms of sub-market character, the data indicates a premium segment within Hancock County. The county’s median home value stands at $310,400, with a median household income of $72,744 and a high owner-occupancy rate of 78.5%. The HPI level of 258.4, which is 2.58 times the 2000 baseline, aligns with a market where home values have appreciated well above historical norms. Compared to nearby ZIP 04609, which has an HPI of 485.1, ZIP 04429 remains less expensive but still represents a substantial investment relative to entry-level benchmarks. The high owner-occupancy rate further underscores the area’s stability and appeal to long-term residents rather than transient renters. For prospective buyers, the current 4.54% price decline offers a potential entry point into a market that has historically appreciated rapidly. With the national 30-year mortgage rate at 7.40%, financing costs remain elevated, but the local price adjustment may improve affordability metrics. Residents should note that while the broader county market is growing, ZIP 04429 is currently contracting, suggesting a more cautious local environment. This specific dynamic requires careful consideration of individual property values, as the aggregate HPI may mask micro-level variations within the ZIP code.
About This ZIP Code
ZIP code 04429 is one of the most active real estate sub-markets in Hancock County, Maine. The FHFA House Price Index tracks cumulative price appreciation since 2000, providing a consistent measure of long-term value change in this specific ZIP area.
For full county-level context, see the Hancock County Housing Market page, which includes ACS median home values, rent, owner-occupancy, employment, migration, and other economic indicators.
Other Active ZIPs in Hancock County
| ZIP Code | HPI | YoY | Latest Year |
|---|---|---|---|
| 04609 | 485.1 | +5.65% | 2025 |
| 04605 | 317.3 | +0.08% | 2025 |
Data Source: FHFA House Price Index for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100). Data as of 2025. This product uses FHFA Data but is neither endorsed nor certified by FHFA.