HousingHandbookReference data

U.S. ZIP Code · ME04473

Penobscot County · Bangor, ME

Typical home value

$308,940[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
-0.3%
5-year / yr
+6.9%
10-year / yr
+7.6%

Relative price

vs U.S.
+8.8%
vs metro
+24.5%
vs state
-8.6%
ZIP 04473 location in ME
Location of ZIP 04473 in ME

Price history

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

The typical home in 04473 is worth $308,940 — 24.5% above the Bangor, ME median. Over the past year, values have fallen 0.3%. Homes here rent for a typical $1,867 a month — a 7.3% gross rental yield. The effective property tax rate is 1.8%.

#Rent & investment

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

Monthly rent
$1,867[2]
Gross yield
7.3%[2]
Cap rate
4.4%[2]

#Property tax

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

Effective tax rate
1.8%[3]
Typical annual tax
$5,495[3]

#Climate risk

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

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

#Who lives here

Population
8,371[3]
Median household income
$61,528[3]

#Migration

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

Net migration
+253[5]
Moved in
3,611
Moved out
3,358

Schools

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

Public schools
3
Elementary
1
Middle
1
High
1
  • Orono High School

    High · Grades 9–12 · RSU 26

    369 students

  • Asa C Adams School

    Elementary · Grades PK–5 · RSU 26

    323 students

  • Orono Middle School

    Middle · Grades 6–8 · RSU 26

    145 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 yield7.3%
Net yield (after ~40% expenses)4.4%
Annual rent$22,400

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$1,562
Loan principal$247,152
Down payment$61,788
Total interest paid$315,229

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 ratio1.22
Monthly cost to own$2,278
Monthly rent$1,867

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
43rd percentile[1]
Rental yield
100th percentile[2]
Property tax
100th percentile[3]

Rankings

Top-10 lists this ZIP code appears on.

Frequently asked

How much is a home worth in ZIP code 04473?
The typical home in 04473 is worth $308,940, based on the Zillow Home Value Index.
Are home values rising in 04473?
Home values in 04473 are down 0.3% over the past year, and up 6.9% a year over five years.
What is the typical rent in 04473?
A typical home in 04473 rents for about $1,867 a month, a gross rental yield of 7.3%.
What is the property tax rate in 04473?
The effective property tax rate in 04473 is 1.8% — roughly $5,495 a year on a typical home.
Who lives in 04473?
ZIP code 04473 has a population of 8,371 and a median household income of $61,528.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

  • Bangor, ME

    Typical home
    $302,336
    Gross yield
    6.1%
  • Brewer, ME

    Typical home
    $300,843
    Gross yield
    6.3%
  • ME

    Typical home
    $321,650
    Gross yield
  • ME

    Typical home
    $327,508
    Gross yield
  • ME

    Typical home
    $337,770
    Gross yield
  • ME

    Typical home
    $276,135
    Gross yield

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