04239, Jay, ME

The 4239 zip code of Jay, ME has a median home value of $135,000. This is higher than the statewide median home value of $130,000 and the national median home value of $177,500. The percentage of homes in this zip code that are valued at over $200,000 is high compared to other zip codes in Maine. 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 the 4239 zip code of Jay. First, Jay is located in a desirable area with plenty of amenities and access to outdoor activities. Second, there is a strong demand for housing in this area due to its proximity to major cities such as Portland and Bangor. Third, many homeowners have invested heavily in their homes over the past few years by upgrading features such as appliances and landscaping. Fourth, Jay has experienced relatively low levels of unemployment over the past few years which may have contributed to increased demand for housing stock. Fifth, Jay has seen an increase in average household incomes over the past few years which may have helped drive up home values. Sixth, there is limited inventory available for purchase within this zip code which may be contributing to elevated prices.

Despite these factors contributing to high home values within the 4239 zip code of Jay, it is important to keep in mind that prices can fluctuate significantly from year-to-year due to a variety of factors including market conditions and fluctuations in interest rates. It is always advisable to consult with a real estate agent or mortgage lender before making any decisions about purchasing or refinancing a property