04646, Islesford, ME

The 4646 zip code of Islesford, ME, has a population of approximately 2,000 people. The median household income in this zip code is $60,000, and the median home value is $230,000. The percentage of homes in this zip code that are owned by their occupants is 88%, which is above the Maine average of 73%. This indicates that there are a lot of homeowners in this zip code.

The percentage of homes that are worth more than their mortgages is also high in this zip code. Nearly half (47%) of all homes in this zip code are worth more than their mortgages. This compares favorably to the Maine average of 33%. This indicates that there is a lot of equity (money saved up) in homes in this zip code.

One reason for the high equity levels may be the low unemployment rate in this area. The unemployment rate here is only 3%, which is much lower than the Maine average unemployment rate of 6%. Low unemployment rates may lead to higher home values because potential buyers have more options and are less likely to be forced to sell due to an unstable job market.