04769, Presque Isle, ME

The 4769 zip code of Presque Isle, ME is located in the eastern part of the state and has a population of about 2,000. The median household income in this zip code is $50,000 and the median home value is $165,000. The percentage of homes that are owner-occupied is about 68%, which is lower than the statewide average of 73%. The percentage of homes that are renter-occupied is about 32%, which is higher than the statewide average of 27%.

There has been a steady increase in home values over the past few years in this zip code. In 2013, home values increased by 5% compared to 2012. In 2014, home values increased by 7% compared to 2013. In 2015, home values increased by 8% compared to 2014. And finally, in 2016, home values increased by 10% compared to 2015. This trend suggests that there will be continued growth in home values over the next few years.

One factor that may be contributing to this increase in home prices is low interest rates. Since 2007, interest rates have been below historic averages and this has helped to stimulate demand for housing throughout Maine. Additionally, Presque Isle has a high rate of homeownership which may also contribute to rising prices since more people are able to sell their homes and invest their money into property instead of taking on additional debt burdensome loans such as mortgages or credit cards.