04655, Machiasport, ME

The 4655 zip code of Machiasport, ME has a median home value of $145,000. This is lower than the statewide median home value of $177,500. The Machiasport area has seen a decrease in home values over the past few years. In 2014, the median home value was $157,000 and in 2015 it decreased to $146,000.

There are several factors that could be contributing to this decrease in home values. One reason could be that there are fewer homes available for sale in the Machiasport area as compared to previous years. Additionally, many homeowners may have taken out mortgages that are now more difficult to qualify for due to tighter lending standards. Finally, there is a possibility that buyers are waiting for prices to increase before making an offer on a property.

Despite these decreases in home values, there is still good news for homeowners in the 4655 zip code of Machiasport. Over the past five years (2013-2017), the average annual increase in home values has been 5%. This means that even if prices have decreased recently, they are still likely going up over time given current market conditions.