ZIP Code 04915 Housing Market

📝 Local Market Notes

The housing market in ZIP code 04915, located in Waldo County, Maine, exhibits a robust upward trajectory over the past five years. The Home Price Index (HPI) has risen from 210.5 in 2021 to 301.13 in 2025, representing a cumulative increase of approximately 43%. This sustained growth indicates consistent demand and value appreciation within the area, outpacing the broader national trend. The recent annual growth rate of 4.98% reflects a market that remains active, though it has slightly moderated from the peak growth rates observed in earlier years of the current cycle. When compared to broader geographic metrics, ZIP 04915 shows distinct divergence. While the county’s year-over-year growth stands at 7.13% and the state’s at 0.98%, the ZIP code’s 4.98% growth places it between these two figures. This positioning suggests that the local market is influenced by both regional county dynamics and broader state-level constraints. The fact that the ZIP outperforms the state average significantly indicates localized demand drivers, while its underperformance relative to the county median may reflect specific inventory constraints or demographic shifts within this particular postal boundary. The sub-market character of ZIP 04915 aligns with a mid-tier, owner-occupied residential area. With a parent county median home value of $257,700 and an owner occupancy rate of 81.9%, the area is predominantly residential rather than investment-heavy or luxury-focused. The median household income of $72,782 supports the affordability of the median home value, particularly given the high owner occupancy. For prospective buyers, the data suggests a stable, appreciating market where equity growth has been substantial. However, with a 30-year mortgage rate at 7.40%, financing costs remain a significant factor in total housing expenses. Residents should note that while prices are rising, the market is not as volatile as high-growth coastal areas, offering a steady environment for long-term homeownership.

Based on FHFA House Price Index data.