04982, Stratton, ME

The 4982 zip code of Stratton, ME is located in the eastern part of the state and includes a mix of rural and suburban areas. Home values in this area have increased significantly over the past few years, reaching a median sale price of $269,000 as of May 2017. The average home size is 2,500 square feet and there are a total of 1,868 homes currently for sale in this zip code.

There are several factors that have contributed to the increase in home values in this area. First, Stratton is located within close proximity to both Bangor and Portland which has led to an influx of new residents and businesses. Second, Stratton has been designated as a growth area by the Maine Department of Economic And Community Development which has helped to stimulate demand for property in this area. Finally, Stratton has excellent schools and infrastructure which has helped to attract buyers and keep prices high.

Despite these positive factors, there are some potential risks that could impact home prices in this area over time. For example, if there is a significant increase in interest rates or if there are any major changes in the economy that negatively impacts housing demand (e.g., an economic recession). In addition, although Stratton has excellent schools and infrastructure, it may not be able to keep up with rising costs associated with living here (e.g., higher taxes or increased maintenance costs).