ZIP Code 03906 Housing Market

📝 Local Market Notes

The housing market in ZIP code 03906, located within York County, Maine, has demonstrated significant volatility and recent acceleration. The Home Price Index (HPI) for this area rose from 224.37 in 2021 to a peak of 258.45 in 2022, followed by a correction to 243.94 in 2023. However, the market rebounded sharply, reaching 292.67 in 2024 and climbing further to 305.54 in 2025. This trajectory indicates a sub-market that experienced a temporary pause before resuming a steep upward trend, with the five-year HPI increase reflecting substantial appreciation since the early 2020s. Current year-over-year performance in ZIP 03906 stands at +4.40%, which trails the broader York County average of +5.68% but significantly outpaces the statewide growth rate of +0.98%. This divergence suggests that while the immediate micro-market is cooling slightly relative to its immediate county peers, it remains a high-growth outlier within Maine. Compared to nearby ZIP 03904, which is growing at +3.07%, and ZIP 04083, which is contracting at -2.31%, ZIP 03906 maintains a strong positive momentum. The HPI level of 305.5, when contextualized against the county’s median home value of $395,700, indicates a premium positioning relative to the broader regional average. The sub-market character of ZIP 03906 aligns with an established, owner-occupied community rather than an entry-level or renter-heavy zone. With a county owner occupancy rate of 77.3% and a median household income of $88,333, the area supports stable residential demand. Prospective buyers should note that the 30-year mortgage rate of 7.40% significantly impacts carrying costs in this appreciating market. Given the HPI’s recent surge from 243.94 to 305.54 over two years, the market is characterized by rapid value accumulation. Residents and investors must account for the fact that current pricing reflects a sharp upward correction, distinguishing ZIP 03906 from the slower-growing state average and positioning it as a high-demand sector within York County.

Based on FHFA House Price Index data.