Zip 04074 (Scarborough, ME) Housing

The housing market in Scarborough, ME (zip code 04074) is booming. The median value of a home in the area is $578,400, higher than the US median value of $338,100 and slightly above the national one year house appreciation rate of 8.27%. In fact, over the last year, house values in Scarborough have appreciated by 12.21%, indicating that the housing market here is stronger than average. With its close proximity to Portland and other attractions that draw people to Maine, real estate prices are likely to continue their upward trajectory for years to come.

The median home cost in Scarborough (zip 04074) is $578,400. Home appreciation the last 10 years has been 95.8%. Home Appreciation in Scarborough (zip 04074) is up 16.2%.

Average Age of Homes

- The median age of Scarborough (zip 04074) real estate is 34 years old

The Rental Market in Scarborough (zip 04074)

- Renters make up 21.0% of the Scarborough (zip 04074) population
- 2.0% of houses and apartments in Scarborough (zip 04074), are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Scarborough, Maine	United States
	10,074.0	139,647,020.0
	35	42
	$578,400	$338,100
	16.2%	16.6%
	66.0%	57.0%
	95.8%	101.1%
	$12.91	$10.98
	$5,160	$2,690
	69.9%	57.4%
	12.5%	11.2%
	17.6%	31.4%
Vacant Housing
	2.0%	1.9%
	0.0%	0.4%
	0.3%	0.7%
	0.6%	0.4%
	9.3%	3.6%
	0.4%	4.1%
Value of Owner-Occupied Housing
	0.0%	2.6%
	0.6%	2.4%
	0.2%	2.8%
	0.1%	3.9%
	0.3%	4.5%
	2.6%	11.3%
	4.0%	13.0%
	19.2%	20.1%
	23.1%	13.6%
	25.3%	8.3%
	15.0%	9.7%
	5.2%	3.9%
	3.4%	2.2%
	0.0%	0.8%
	1.1%	1.1%
Housing Units by Year Structure Built
	0.7%	0.2%
	15.8%	13.6%
	15.8%	13.6%
	18.0%	13.6%
	16.2%	13.2%
	16.3%	14.8%
	18.0%	13.6%
	5.3%	10.0%
	4.5%	4.7%
	10.1%	12.2%

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