03909, York, ME

York, Maine is located in the eastern part of the state and has a population of about 10,000 people. The 3909 zip code covers most of York and has a median home value of $159,900. Home prices have increased by about 20% over the past five years, which is much faster than the statewide average increase of 7%.

One reason for this rapid increase in home values may be that York is located in an area that is growing rapidly. There are many new businesses and homes being built in the area, which means there is more demand for housing. Additionally, York has low unemployment rates and a good economy overall. This means that people are able to afford to buy homes even if their incomes are not as high as they would like them to be.

Another factor that may contribute to the high home values in York are the restrictions on how much mortgage lenders can lend on certain properties. This means that there is more demand for homes that can be bought outright rather than through a mortgage. In addition, many people who live in York own their homes outright rather than renting them out, which also contributes to high home values.