The story of this market
The typical home in ZIP 04462 sells for about $195,000, or $139 per square foot.
Homes take about 48 days to sell. HUD's fair market rent for a two-bedroom is $451 a month.
ZIP 04462 — Millinocket
The housing market in 04462 is characterized by low-volume, rural transactions with a median home value significantly below national averages. Market activity is driven by local demand and recreational interest in the surrounding wilderness areas rather than urban economic expansion.
This area is primarily suited for outdoor enthusiasts, retirees, and those seeking affordable, rural living in a remote, nature-focused environment.
Median prices moved sideways 0.0% year over year.
Homes spend a median of 48 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.8% · poverty 17.6% — a stable, low-distress profile.
ZCTA 04462
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.
The area is characterized by its proximity to the North Maine Woods and Baxter State Park, offering extensive outdoor recreation including hiking, fishing, and snowmobiling.
The local economy is historically tied to the forest products industry and outdoor tourism, with limited major corporate presence.
Data retrieved from Census Bureau ZCTA-level tables.
A large wilderness area featuring Mount Katahdin and extensive hiking trails.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.