ZIP Code 04937 Housing Market
ZIP code 04937 is located in Somerset County, Maine. Based on the FHFA House Price Index, the most recent annual HPI value is 375.3 (2000 = 100) , with a year-over-year change of +24.40% as of 2025.
📈 04937 HPI Trend
FHFA House Price Index for Five-Digit ZIP Codes (2000 = 100)
📝 Local Market Notes
ZIP code 04937 in Somerset County, Maine, exhibits a volatile yet aggressive price trajectory over the recent five-year period. The Home Price Index (HPI) surged from 226.14 in 2021 to a peak of 322.59 in 2023, followed by a brief contraction to 301.65 in 2024. The most recent data for 2025 indicates a sharp rebound to 375.27, representing a year-over-year increase of 24.40%. This pattern suggests a market that is highly sensitive to external economic shifts, characterized by rapid appreciation phases interspersed with brief corrections rather than steady, linear growth. The performance of ZIP 04937 diverges significantly from broader regional metrics. While the county recorded a 9.69% year-over-year gain and the state of Maine saw a modest 0.98% increase, the ZIP code outpaced both by a substantial margin. This divergence signals that local dynamics within this specific sub-market are driving value independently of general regional trends. Such localized strength often points to specific supply constraints or unique demand drivers that are not present in the wider Somerset County or state-wide housing landscape. Contextualizing this data with American Community Survey estimates for Somerset County reveals a sub-market character that contrasts with its premium price index. The county’s median home value stands at $166,900, with a median household income of $58,179 and a high owner-occupancy rate of 77.4%. Despite the area’s generally affordable baseline, ZIP 04937’s HPI of 375.3 suggests it functions as a high-value enclave within a more moderate income region. For prospective buyers, this indicates that properties in 04937 likely command a significant premium over the county average. Residents should anticipate that entry prices are considerably higher than surrounding areas, and the rapid 24.40% appreciation rate underscores the importance of thorough valuation due diligence before making a purchase in this distinct sub-market.
About This ZIP Code
ZIP code 04937 is one of the most active real estate sub-markets in Somerset 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 Somerset County Housing Market page, which includes ACS median home values, rent, owner-occupancy, employment, migration, and other economic indicators.
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.