The story of this market
The typical home in ZIP 04416 sells for about $292,000, or $157 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 68 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $881 a month.
ZIP 04416 — Bucksport
The Bucksport housing market remains stable with modest price appreciation and low inventory levels. Market activity is driven by local demand and a limited supply of single-family homes, resulting in a balanced environment for buyers and sellers. Investors should note that while entry prices are low, rental yields are tempered by management and maintenance costs.
This ZIP is best suited for families and individuals seeking a quiet, rural lifestyle with a lower cost of living compared to larger urban centers, though it requires a willingness to commute for major employment.
Median prices moved up 2.1% year over year.
Homes spend a median of 68 days on market with 4.8 months of supply — a balanced-paced market.
13% of listings have cut prices · homes sell at 97.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 10.6% · poverty 7.1% — a mixed stability profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 04416, Hancock County ME
Crime rates in Bucksport are generally low and consistent with rural Hancock County trends, remaining well below national averages for violent and property crime.
Public schools serving the area are part of RSU 25, which maintains a stable reputation for providing foundational education in a small-town setting.
The area faces moderate risks related to winter weather and seasonal flooding near the Penobscot River, with standard insurance coverage typically available.
Economic momentum is modest, anchored by local manufacturing and service sectors, with limited large-scale industrial development currently underway.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Maine) — Maine Resident Homestead Property Tax Exemption: Provides a reduction in the valuation of the homestead for property tax purposes. The exemption amount is set by state statute (currently $25,000 of the just value of the property). The formula is: (Just Value - Homestead Exemption) * Local Tax Rate = Tax Due.
Commuting primarily involves personal vehicle travel along Route 1 and Route 15, with most residents driving to employment hubs in Bangor or Ellsworth.
The area offers significant outdoor access including the Penobscot River waterfront, local hiking trails, and proximity to regional parks and golf courses within a short drive.
The rental market is characterized by low inventory and consistent demand, with limited new multi-family development keeping vacancy rates tight.
The local economy is driven by a mix of manufacturing, education, and healthcare services, with many residents commuting to larger regional employment centers.
Transportation is heavily reliant on private vehicles, with limited public transit options available for regional commuting.
Development is primarily focused on small-scale residential infill and minor commercial improvements within the town center.
The Hancock County assessment regime follows state-mandated guidelines for property valuation, with periodic revaluations conducted by the municipality.
Parcels are subject to RSU 25 school district taxes and standard municipal service levies.
Property insurance remains stable, though premiums are influenced by regional wildfire and flood risk assessments common to coastal Maine.
Maine has experienced modest net domestic migration gains, driven by remote workers and retirees seeking lower-density environments.
Maine is a judicial foreclosure state, requiring court oversight for the foreclosure process, which generally provides a longer timeline for homeowners.
Sellers are required to provide a property disclosure statement covering known material defects, though the state maintains a 'caveat emptor' lean in many transactions.
Data retrieved from US Census Bureau ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
Provides public access for boating, fishing, and scenic walking paths.
A local course serving the immediate community and surrounding towns.
Features local dining, small businesses, and essential services.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.