ZIP Code 04101

In ZIP code 04101, which covers part of Portland, homes carry a median value of $617,600 while the county-level effective property tax rate sits at 1.04%. That combination produces an annual tax bill far larger than what the median household income of $63,880 could comfortably absorb, since per-capita income reaches $53,597. Buyers weighing a purchase here face a steep gap between what homes cost and what local earnings support. The 5.50% combined sales tax adds further cost to daily purchases, though it does not touch property directly. Ownership in this ZIP demands substantial income or equity well beyond the area's median figures.