04037, Fryeburg, ME

The Fryeburg, Maine zip code 4037 has a population of just over 10,000 people. The median household income in this zip code is just over $60,000, and the median home value is just over $240,000. This means that the home equity and home prices in this zip code are both very high.

One reason that the home equity and home prices in this zip code are so high is because Fryeburg is a very affluent area. The median household income in Fryeburg is well above the national average, and the percentage of households who own their homes outright is also above average. Therefore, there are a lot of people who can afford to buy homes here at a high price.

Another reason why the home equity and home prices in this zip code are so high is because there are a lot of expensive homes available here. The median home value in Fryeburg is more than twice as much as the national average, which means that there are a lot of wealthy people living here. Many of these wealthy people have enough money to buy expensive homes even if they don't have any extra money saved up for down payments. As a result, the demand for homes in this zip code has driven up the price of homes significantly.