04989, Vassalboro, ME

Vassalboro, Maine is a small town located in the 4989 zip code. The median home value in this zip code is $135,000. This means that the home equity of homes in this zip code is on average 35% higher than the median home value statewide. Additionally, Vassalboro has a lower than average unemployment rate and a high percentage of homeowners with mortgages. These factors contribute to the high home equity values in this zip code.

Despite these positive factors, there are some challenges that face homeowners in the 4989 zip code. One challenge is that there are not many jobs available in this area, which means that people may have to move if they want to find a job that pays well. Additionally, many people who live in Vassalboro own their homes outright rather than using a mortgage, which can make it difficult if their home value decreases significantly or if they need to sell their home quickly for any reason.