The story of this market
The typical home in ZIP 04468 sells for about $260,000, or $155 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 48 days to sell. HUD's fair market rent for a two-bedroom is $967 a month.
ZIP 04468 — Old Town
The 04468 housing market is characterized by stable, modest price growth and limited inventory, reflecting a typical small-town Maine market. While prices remain accessible compared to national averages, the market is constrained by low turnover and a reliance on the local university-driven economy. Buyers should expect a competitive environment for well-maintained properties, though the overall pace of appreciation remains conservative.
This ZIP is well-suited for local workforce families and university-affiliated renters seeking more affordable housing options compared to the immediate Bangor metro area.
Median prices moved up 2.1% year over year.
Homes spend a median of 48 days on market with 3.8 months of supply — a fast-moving market.
12% of listings have cut prices · homes sell at 98.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.2% · poverty 19.3% — a stable, low-distress 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 6.7%/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 3.9%/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 04468, Penobscot County ME
Crime rates in Old Town are generally consistent with regional averages for Penobscot County, with property crime being the primary concern.
Schools serving the area are part of the local district, which provides standard public education services; performance metrics are generally aligned with state averages.
The area is subject to standard New England weather risks, including winter storms and potential seasonal flooding near the Penobscot River.
Economic momentum is tied to the University of Maine and local manufacturing; development is steady but modest, focusing on infrastructure maintenance.
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.
Commutes are primarily car-dependent, with residents traveling toward Bangor for major employment hubs via I-95.
The area offers access to the Penobscot River for boating and fishing, local municipal parks, and proximity to university-affiliated athletic facilities.
The rental market is influenced by the student population and local workforce, with moderate vacancy pressure and stable rent growth.
The economy is anchored by the University of Maine, local manufacturing, and service-sector jobs supporting the greater Bangor region.
The area is served by I-95, providing the primary transit corridor for regional commuting and logistics.
Development is largely infill-focused, with limited large-scale residential projects currently in the pipeline.
The Penobscot County assessment regime relies on municipal-level appraisals conducted in accordance with state standards.
Parcels are subject to municipal taxes and local school district levies; no significant MUD/PID districts are prevalent.
Property insurance remains stable, though premiums are sensitive to regional wildfire and winter storm risk profiles.
Maine has experienced modest net domestic migration gains, primarily driven by remote workers and retirees moving from urban centers.
Maine is a judicial foreclosure state, requiring court intervention for the foreclosure process.
Sellers are required to provide a property disclosure statement covering known material defects.
Data retrieved from US Census Bureau and local market reports.
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.
Major regional waterway used for recreation and historical industry.
Located nearby, serving as a major cultural and economic anchor.
Provides local green space and community recreational facilities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.