ZIP 04901 - 860Z200US04901 — Demographic Snapshot (2023)

Overview

If you're considering ZIP code 04901 for your next home, investment, or business venture, understanding the local demographics and housing landscape is essential. Located in Maine, this area offers a mix of affordability and community appeal. With a population of over 27,000 and a median household income of $54,122, ZIP 04901 presents opportunities for homebuyers, real estate investors, small-business owners, and analysts alike. This article breaks down the latest 2023 data to provide a clear picture of what living or investing in this area entails.

Population & Households

ZIP 04901 is home to 27,431 residents, making it a moderately sized community with a stable population base. This number reflects a diverse mix of families, professionals, and retirees who contribute to the area's character. The total number of households stands at 11,255, indicating a strong residential presence. With 12,084 total housing units, there’s a slight surplus of homes compared to households, which could suggest availability for new residents or investors looking to enter the market.

Income & Housing Costs

The median household income in ZIP 04901 is $54,122, which provides a snapshot of the area's economic health. This income level suggests a community with moderate earning power, potentially appealing to businesses targeting middle-income consumers. On the housing front, the median home value is $188,800, positioning this ZIP code as relatively affordable compared to national averages. For renters, the median rent is $957 per month, offering a cost-effective alternative to homeownership. These figures highlight ZIP 04901 as a viable option for those seeking value in both buying and renting.

Race & Ethnicity

The demographic makeup of ZIP 04901 is predominantly White, with 90.86% of the population identifying as such. Other racial and ethnic groups include Black (0.66%), Asian (1.39%), and Hispanic (2.77%). This composition reflects a largely homogeneous community, which may influence cultural dynamics, local businesses, and community events. For businesses and investors, understanding this breakdown can help tailor services or marketing strategies to resonate with the majority demographic while also addressing the needs of smaller, diverse groups.

Key Facts

• Total population: 27,431 residents in 2023, offering a sizable community for engagement.
• Total households: 11,255, indicating a strong residential base for local businesses.
• Total housing units: 12,084, suggesting potential availability for new buyers or renters.
• Median household income: $54,122, reflecting moderate economic stability.
• Median home value: $188,800, an accessible entry point for homebuyers and investors.
• Median rent: $957, providing affordable rental options for residents.
• Racial composition: Predominantly White (90.86%), with small percentages of Black, Asian, and Hispanic residents.

What This Means for You

For homebuyers, ZIP 04901 offers a compelling mix of affordability and community size. With a median home value of $188,800, this area could be an ideal place to purchase a home without stretching your budget, especially if you’re looking for a stable, mid-sized community. The slight surplus of housing units (12,084 vs. 11,255 households) might also mean less competition in the market.

For investors and real estate agents, the data points to potential opportunities in both buying and renting properties. The median rent of $957 suggests a steady rental market for those looking to invest in income properties, while the home value indicates room for appreciation over time. Keeping an eye on the surplus housing units could help identify undervalued properties or areas for development.

For small-business owners, the population of 27,431 and median income of $54,122 signal a customer base with disposable income for goods and services. The predominantly White demographic may guide product offerings or marketing campaigns, but don’t overlook the needs of smaller ethnic groups for niche opportunities.

For analysts, these metrics provide a foundation for deeper studies into economic trends, housing demand, or community planning in ZIP 04901. The balance of income, housing costs, and population size offers a rich dataset for forecasting or comparative analysis.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 04901? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
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• Use the insights to make informed decisions for your home purchase, investment strategy, or business plan with confidence.