Zip Code:
04042 is a Maine Zip code within the city of Hollis Center and the county of York County. Its population is roughly 4,607.
Home Equity and Home Prices in the 4042 Zip Code of Hollis Center, ME
The 4042 zip code of Hollis Center, ME has a median home value of $130,000. This is higher than the Maine median home value of $119,500. The average home value in this zip code is also higher than the national average home value of $177,500. The percentage of homes in this zip code that are valued at over $200,000 is also high compared to other Maine zip codes. Approximately one-third (32%) of homes in this zip code are valued at over $200,000.
There are a number of factors that may contribute to the high home values in this zip code. First, Hollis Center is located in a desirable area with plenty of amenities and access to transportation. Second, there is a strong demand for housing in this area due to its proximity to both Portland and Bangor metropolitan areas. Third, many homeowners have invested heavily in their homes over the years and have seen their equity increase significantly as a result. Fourth, Hollis Center has experienced relatively low levels of unemployment and crime over the past few years which may have contributed to increased demand for housing here. Fifth, many homeowners have taken advantage of favorable financing options available to them such as mortgages and HELOCs (home equity lines of credit). Sixth, there is a limited supply of housing available for purchase within this zip code which may be contributing to elevated prices here. Finally, Hollis Center has seen relatively low levels of inflation over the past few years which may also be contributing to elevated home values here.
Price Index: Portland-South Portland, ME
Zipcode | Population | Density | Timezone | Latitude | Longitude | City | County | State |
---|---|---|---|---|---|---|---|---|
04093 | 8,243 | 78.5 | America/New_York | 43.64281 | -70.53770 | Buxton | York County | Maine |
04061 | 3,498 | 68.8 | America/New_York | 43.63377 | -70.74209 | North Waterboro | York County | Maine |
04030 | 2,163 | 50.1 | America/New_York | 43.58950 | -70.69236 | East Waterboro | York County | Maine |