04463, Milo, ME

The home equity and home prices in the 4463 zip code of Milo, ME are reflective of the overall market conditions in the area. The median home value in this zip code is $171,000, which is lower than the statewide median home value of $236,500. However, this does not mean that homes in this zip code are cheap. In fact, according to Zillow’s analysis of recent sales data, homes in this zip code have been selling for an average price of $235/sqft. This is significantly higher than the statewide average price of $183/sqft.

One reason why homes in this zip code are selling for a higher price than elsewhere in Maine is likely due to its proximity to Boston. Many people who live in Milo commute to work in Boston each day and as a result demand high-quality housing that can accommodate their needs. Additionally, many people who live here also have jobs outside of Milo and as a result can afford to pay more for housing because they can afford to spend more on other expenses such as groceries and utilities.

Despite being expensive by Maine standards, it is important to keep in mind that there are still plenty of affordable options available within the 4463 zip code. For example, according to Zillow’s analysis of recent sales data, homes that cost less than $175/sqft are currently being sold at a rate of almost 60%. This means that there is definitely room for buyers who want to purchase a home but don’t want to spend too much money on it.