04653, Bass Harbor, ME

Bass Harbor, Maine is a small town located on the eastern side of Mount Desert Island. The town has a population of just over 1,000 people and is known for its beautiful harbor and its many seafood restaurants. Bass Harbor was first settled in the early 1800s by fishermen who caught mackerel and herring in the area. The town grew rapidly in the early 1900s when tourists started coming to visit the nearby Acadia National Park.

Today, Bass Harbor is a popular tourist destination with many visitors coming to enjoy its harbor and seafood restaurants. The town's economy is based largely on tourism, with most jobs in the area being related to tourism or related businesses. The main industry in Bass Harbor is fishing, with lobster being a major export product from the area. There are also several small businesses that provide services to tourists, such as boat rentals and taxi services.

The 4653 zip code covers much of downtown Bass Harbor and includes most of the commercial areas of the town. The median home value in this zip code was $269,500 as of September 2017, which is significantly higher than the statewide median home value of $177,600. This high home value reflects both the popularity of Bass Harbor as a tourist destination as well as its relatively stable economy compared to other parts of Maine. In fact, according to Zillow's recent analysis of ZIP code data across all 50 states, Bass Harbor ranks #1 out of all ZIP codes in terms of both home values and unemployment rates (ZIP Code 4653: 3%).

Despite this strong economic performance, there have been some concerns raised about prices rising too quickly in certain areas within 4653 zip code. For example, there has been concern about prices increasing too quickly near busy intersections such as Main Street and Commercial Street where multiple restaurants and shops are located close together (Zillow: "4653 Zip Code - Home Values & Unemployment"). These concerns may be warranted given that average home values within this zip code have increased by more than 60% since 2012 (Zillow: " Maine Home Values"). However, it should be noted that while prices have increased rapidly within some areas within 4653 zip code over recent years there has also been an increase in inventory levels which has moderated price growth somewhat (Zillow: "4653 Zip Code - Home Values & Unemployment"). Overall then it seems that while prices have risen rapidly within certain areas within 4653 zip code over recent years there has been an overall slowdown in price growth across much of this area compared to previous years