ZIP Code 04572 Housing Market

📝 Local Market Notes

ZIP code 04572 in Lincoln County, Maine, exhibits a volatile price trajectory over the past five years, characterized by rapid appreciation followed by a recent correction. The Home Price Index (HPI) surged from 184.52 in 2021 to a peak of 305.56 in 2024, representing a cumulative gain of approximately 65%. However, the most recent data indicates a reversal, with the HPI declining to 286.61 in 2025. This sharp swing suggests a market that experienced significant overheating before adjusting to current economic realities. The current year-over-year performance of -6.20% for ZIP 04572 stands in stark contrast to broader regional trends. While the county recorded a positive growth rate of +3.02% and the state of Maine grew by +0.98%, this specific ZIP code is contracting. This divergence signals that 04572 is undergoing a localized correction that is outpacing the general stability of Lincoln County. The negative performance relative to the county average implies that the previous surge may have been driven by transient demand or limited inventory, which has now normalized. In terms of sub-market character, the area aligns with the broader county profile, which features a median home value of $332,700 and a high owner-occupancy rate of 82.5%. With a median household income of $76,875, the market serves middle-income homeowners rather than luxury buyers. The HPI level of 286.61, when contextualized against the county median, suggests a typical residential market rather than an outlier segment. For prospective buyers, the current 7.40% mortgage rate combined with the recent price dip presents a potential entry point. Residents should note that while the area remains predominantly owner-occupied, the recent price volatility indicates a less stable market environment compared to the wider county, requiring careful timing for transactions.

Based on FHFA House Price Index data.