04847, Hope, ME

The 4847 zip code of Hope, ME has a median home value of $128,000. This is significantly lower than the statewide median home value of $269,500. The 4847 zip code also has a lower than average percentage of homeowners with a mortgage at 59%. This indicates that more homeowners in this zip code are able to borrow against their home equity to finance their purchase.

Despite these lower home values and mortgage rates, the 4847 zip code still experiences high levels of home equity growth. In fact, over the past five years, the average annual growth rate for home equity in this zip code has been 10%. This indicates that many homeowners in this area are able to use theirhome equity to improve their lifestyle or invest in additional assets.