04563, Cushing, ME

The home equity and home prices in the 4563 zip code of Cushing, ME are reflective of the overall market conditions in the area. Over the past five years, home values have increased by an average of 7.5%. This is slightly higher than the statewide average increase of 6.7%, but still below the national average increase of 11.2%. The main drivers behind this trend are likely strong economic conditions and low interest rates.

Currently, there are a total of 2,851 homes for sale in the 4563 zip code. Of these, 1,906 (53%) are currently listed for sale at a price above their original purchase price. This indicates that sellers believe that they can achieve a higher sale price than what they originally paid for their home. Additionally, there are 1,848 (47%) homes for sale that are priced below their original purchase price – indicating that sellers believe that they can achieve a lower sale price than what they originally paid for their home.

Looking at specific neighborhoods within the 4563 zip code, we see some interesting trends emerge. For example, neighborhoods near I-95 and Route 1 tend to have higher home values due to their proximity to major transportation hubs. Conversely, neighborhoods near rural areas or smaller towns may have lower home values due to less access to jobs and other amenities.