04039, Gray, ME

The 4039 zip code of Gray, Maine is located in the eastern part of the state and has a population of about 2,000. The median household income in this zip code is $60,000, which is lower than the statewide median household income of $70,000. Home prices in this zip code are significantly lower than home prices statewide. The average home value in this zip code is $130,000, which is less than half of the statewide average home value of $248,500. In addition, the percentage of homes that are owner-occupied in this zip code is lower than the statewide percentage of owner-occupied homes at 55%. This suggests that there may be a higher demand for housing units in this area that are not owned by individuals or families.

One potential explanation for why home prices and home equity are lower in Gray than they are statewide may be due to the fact that there is a greater demand for housing units outside of Gray compared to within Gray. This could be due to factors such as increased population growth or an increase in jobs outside of Gray. Additionally, it could be because there are fewer affordable housing options available within Gray compared to other parts of Maine. This could make it more difficult for people who live in Gray to purchase or upgrade their homes.