04250, Lisbon, ME

The 4250 zip code of Lisbon, ME is located in the eastern part of the state and includes a mix of rural and suburban areas. The median home value in this zip code was $161,000 as of September 2017. This is below the statewide median home value of $177,500 but above the national median home value of $152,700.

There has been a gradual increase in home values over the past few years in this zip code. The average annual growth rate from 2016 to 2017 was 2.5%. This is below the statewide average annual growth rate of 3.2% but above the national average annual growth rate of 2%.

The majority (82%)of homes in this zip code are owner-occupied. This is slightly higher than the statewide percentage (79%)of owner-occupied homes but lower than the national percentage (84%). There has been a gradual increase in homeownership rates over time, from 68%in 2000 to 82%in 2017.

Home equity plays an important role in people’s lives and can be used for many purposes such as paying down debt or investing for future income. As of September 2017, 72%of households in this zip code had at least some equity in their homes compared to 79%of households nationwide and 73%of households statewide. This indicates that Lisbon residents are more likely to have access to their home equity than other residents across Maine and nationally.