04680, Steuben, ME

The 4680 zip code of Steuben, ME has a median home value of $128,000. This is a decrease from the median home value of $142,000 in 2009. The decrease in home values may be due to the current economic recession or may be indicative of a trend that is continuing.

In 2009, there were 2,851 homes in the 4680 zip code. As of 2012 there are only 2,564 homes in this zip code. This represents a decrease of 16%. In terms of housing density there has been an even greater decrease with only 1 home per square mile now compared to 1.5 per square mile in 2009.

There are several factors that could contribute to the decline in home values including:

-The current economic recession which has caused people to lose their jobs and reduce their spending on items such as housing

-An increase in foreclosures and short sales which have decreased the supply of available homes for sale

-A shift towards smaller more affordable homes which may not be as appealing to buyers who are looking for larger more expensive homes