04097 — Cumberland County, Maine Market Snapshot
Housing market data for zip code 04097 in Cumberland County, Maine. Updated monthly with median prices, days on market, and more.
Market Sales Data
12 sales in 2026 (year to date)
Median Sale Price
$888,750
Days to Sell
37
Homes Sold
12
Inventory
9
Sale-to-List
101.6%
New Listings
14
Price/SqFt
$361
Pending Sales
12
Jumbo Loan Likely Needed
The median home in 04097 at $888,750 exceeds the 2026 conforming loan limit of $832,750 by $56,000. Most buyers here will need jumbo loans, which typically require higher credit scores, larger down payments, and come with different rate pricing.
Market Insights
Market Temperature
04097's market is balanced with homes taking an average of 37 days to sell. Buyers have some negotiating room without the pressure of bidding wars.
Sale-to-List Ratio
Homes are selling very close to asking price in 04097 (101.6% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
The median home in 04097 at $888,750 exceeds the 2026 conforming loan limit of $832,750 by $56,000. Most buyers here will need jumbo loans, which typically require higher credit scores, larger down payments, and come with different rate pricing.
Loan limits in 04097 are set at the county level.
2026 Loan Limits — Cumberland County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $832,750 | $615,250 |
| 2 Units | $1,066,250 | $787,650 |
| 3 Units | $1,288,800 | $952,050 |
| 4 Units | $1,601,750 | $1,183,200 |
Affordability Snapshot — Zip 04097
To purchase the median home at $888,750 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $6,959.
Monthly Payment
$6,959
Income Required
$298,256
Principal & Interest
$5,476/mo
Down Payment (5%)
$44,438
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 04097.
Estimated Monthly Payment
$5,650
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