03901, Berwick, ME

The 3901 zip code of Berwick, ME is located in the eastern part of the state and includes a population of about 2,000. The median home value in this zip code is $128,500 and the median household income is $55,000. The unemployment rate in this zip code is 5.5% and the poverty rate is 10%.

The average home equity in this zip code is $60,700 and the average home price has increased by 4.4% over the past year. Over the past five years, the average home equity has increased by 11.8%. The increase in home prices may be due to a number of factors including an increase in demand for housing stock as well as low interest rates. In addition, there are a number of new homes being built in this area which may also contribute to increases in home values.

Despite these positive trends, there are still some areas where homeownership rates are lower than they are elsewhere in Maine (for example, 54% of households here own their homes vs 68% statewide). Additionally, there has been a recent trend towards more expensive homes being purchased within this zip code – for example, the average price paid for a single-family home was $149K last year vs $130K statewide. This suggests that while homeownership rates have increased overall within Berwick over recent years, those who can afford it may be purchasing properties at higher prices than before.