ZIP Code Market Report
04938 — Farmington, ME
Data through February 2026 · Updated monthly
Avg Home Value
$258,238
▼ 2.4% year-over-year
Month-over-Month
-0.5%
▼ 0.5%
Single Family
$257,969
Condo / Co-op
--
The average home value in the 04938 ZIP code (Farmington, MAINE) is $258,238 as of February 2026. Home prices are declining, down 2.4% compared to last year.
A 3-bedroom home in 04938 is valued at $275,112.
The market in 04938 has a $210,191 spread between bottom-tier homes at $159,905 and top-tier homes at $370,096. Bottom-tier properties represent the primary opportunity range for real estate investors using the 70% rule, fix-and-flip, or BRRRR strategies.
This report is part of the Franklin County market area in MAINE. For a broader view of the housing market including rent data, market activity, and affordability analysis, see the full Franklin County report.
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Market Snapshot
04938 Housing Market at a Glance
Key metrics for the last 3 months with trend direction.
| Metric | Dec 2025 | Jan 2026 | Feb 2026 | 3-Mo Change |
|---|---|---|---|---|
| Avg Home Value | $261,190 | $259,528 | $258,238 | ▼ 1.1% |
| Single Family Value | $257,433 | $257,628 | $257,969 | ▲ 0.2% |
Home Values
04938 Home Value Trend
Historical home values for ZIP code 04938. Switch between All Homes, Single Family, Bottom Tier, and Top Tier.
Source: Zillow Research ZHVI / ZORI · Updated monthly
By Bedroom
What Homes Cost in 04938
Median home values by bedroom count in this ZIP code.
| Bedrooms | Median Value |
|---|---|
| 2 Bedrooms | $230,025 |
| 3 Bedrooms | $275,112 |
| 4 Bedrooms | $319,913 |
Property Types
Home Values by Property Type in 04938
How different property types compare in this ZIP code.
All Homes
$258,238
Single Family
$257,969
Bottom Tier
$159,905
Top Tier
$370,096
Data Sources and Methodology
Home value data for ZIP code 04938 comes from the Zillow Home Value Index (ZHVI), updated monthly. ZHVI measures the typical home value using Zillow's automated valuation model, smoothed and seasonally adjusted.
This report was last updated February 2026. Data is refreshed on the 17th of each month.
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