HousingHandbookReference data

U.S. ZIP Code · ME04345

Kennebec County

Typical home value

$314,650[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
0.0%
5-year / yr
+7.3%
10-year / yr
+8.7%

Relative price

vs U.S.
+10.8%
vs metro
vs state
-6.9%
ZIP 04345 location in ME
Location of ZIP 04345 in ME

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 04345 is worth $314,650. Over the past year, values have risen 0.0%. Homes here rent for a typical $1,420 a month — a 5.4% gross rental yield. The effective property tax rate is 1.0%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent
$1,420[2]
Gross yield
5.4%[2]
Cap rate
3.2%[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate
1.0%[3]
Typical annual tax
$3,072[3]

#Climate risk

FEMA National Risk Index ratings for Kennebec County. "Not Applicable" means the hazard does not threaten the county.

Overall risk
Relatively Low[4]
Riverine flood
Relatively Moderate
Coastal flood
Relatively Low
Wildfire
Very Low
Drought
Relatively Moderate
Heat wave
Very Low
Hurricane
Relatively Moderate
Tornado
Very Low
Earthquake
Relatively Low
Winter weather
Very High

#Who lives here

Population
12,579[3]
Median household income
$77,410[3]

#Migration

Household moves in and out of Kennebec County over a year, from IRS tax-return data.

Net migration
+249[5]
Moved in
3,404
Moved out
3,155

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools
5
Elementary
3
Middle
1
High
1
  • Gardiner Area High School

    High · Grades 9–12 · RSU 11/MSAD 11

    582 students

  • Gardiner Regional Middle School

    Middle · Grades 6–8 · RSU 11/MSAD 11

    444 students

  • Helen Thompson School

    Elementary · Grades PK–5 · RSU 11/MSAD 11

    257 students

  • Laura E Richards School

    Elementary · Grades PK–2 · RSU 11/MSAD 11

    228 students

  • Pittston-Randolph Consolidated School

    Elementary · Grades K–5 · RSU 11/MSAD 11

    199 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Gross yield5.4%
Net yield (after ~40% expenses)3.2%
Annual rent$17,040

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Monthly payment$1,591
Loan principal$251,720
Down payment$62,930
Total interest paid$321,055

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Own : rent ratio1.49
Monthly cost to own$2,110
Monthly rent$1,420

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation
[1]
Rental yield
[2]
Property tax
[3]

Frequently asked

How much is a home worth in ZIP code 04345?
The typical home in 04345 is worth $314,650, based on the Zillow Home Value Index.
Are home values rising in 04345?
Home values in 04345 are up 0.0% over the past year, and up 7.3% a year over five years.
What is the typical rent in 04345?
A typical home in 04345 rents for about $1,420 a month, a gross rental yield of 5.4%.
What is the property tax rate in 04345?
The effective property tax rate in 04345 is 1.0% — roughly $3,072 a year on a typical home.
Who lives in 04345?
ZIP code 04345 has a population of 12,579 and a median household income of $77,410.

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