04071 — Cumberland County, Maine Market Snapshot
Housing market data for zip code 04071 in Cumberland County, Maine. Updated monthly with median prices, days on market, and more.
Market Sales Data
15 sales in 2026 (year to date)
Median Sale Price
$522,000
Days to Sell
75
Homes Sold
15
Inventory
31
Sale-to-List
98.3%
New Listings
41
Price/SqFt
$259
Pending Sales
18
Conforming Loan Available
Most homebuyers in 04071 can comfortably use conventional financing. The median home price of $522,000 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Market Insights
Market Temperature
With homes sitting for 75 days on average, 04071 favors buyers. There may be opportunities to negotiate below asking price or request seller concessions for closing costs or rate buydowns.
Sale-to-List Ratio
Homes are selling very close to asking price in 04071 (98.3% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 04071 can comfortably use conventional financing. The median home price of $522,000 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Loan limits in 04071 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 04071
To purchase the median home at $522,000 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $4,149.
Monthly Payment
$4,149
Income Required
$177,831
Principal & Interest
$3,216/mo
Down Payment (5%)
$26,100
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 04071.
Estimated Monthly Payment
$3,381
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