04074, Scarborough, ME

Scarborough is a small town located in the eastern part of Maine. The town has a population of just over 2,000 people and covers an area of just under 10 square miles. The 4074 zip code, which includes Scarborough, has a population of just over 1,700 people and covers an area of just under 9 square miles.

The median home value in the 4074 zip code is $128,200. This means that there are approximately 1.5 homes for every single family living in the zip code. The average home value in the entire state of Maine is $146,600. So while the average home value in Scarborough is not as high as it is statewide, it still represents a very respectable amount of money. Additionally, according to Zillow’s recent report on Maine’s housing market conditions, the median list price for homes in Scarborough has increased by 5% over the past year – which indicates that there are still plenty of opportunities for buyers to find a good deal on a home here.

One reason why homeownership rates are so high in Scarborough is because there are relatively few rental properties available here – which means that most people who want to buy a home have access to one (or more) options). Additionally, many residents here own their homes outright – rather than renting them out – which also contributes to high homeownership rates. Finally, many people who live in Scarborough own their homes free and clear – without any mortgages or other debts attached to them (this is especially common among younger residents). As such, it seems likely that homeownership rates will continue to be high in this zip code for years to come!