ZIP Code Market Report
04987 — Troy, ME
Data through February 2026 · Updated monthly
Avg Home Value
$225,454
▲ 1.9% year-over-year
Month-over-Month
-1.5%
▼ 1.5%
Single Family
$223,976
Condo / Co-op
--
The average home value in the 04987 ZIP code (Troy, MAINE) is $225,454 as of February 2026. Home prices are rising, up 1.9% compared to last year.
This report is part of the Waldo County market area in MAINE. For a broader view of the housing market including rent data, market activity, and affordability analysis, see the full Waldo County report.
Free Home Value Estimate
What's your home worth in 04987 (Troy)?
Get a free estimate based on recent sales and market data in your neighborhood. See how your home compares.
Free · Takes 30 seconds · Based on real sale data
Market Snapshot
04987 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 | $228,330 | $228,907 | $225,454 | ▼ 1.3% |
| Single Family Value | $221,408 | $223,512 | $223,976 | ▲ 1.2% |
Home Values
04987 Home Value Trend
Historical home values for ZIP code 04987. Switch between All Homes, Single Family, Bottom Tier, and Top Tier.
Source: Zillow Research ZHVI / ZORI · Updated monthly
Property Types
Home Values by Property Type in 04987
How different property types compare in this ZIP code.
All Homes
$225,454
Single Family
$223,976
Top Tier
$330,918
Data Sources and Methodology
Home value data for ZIP code 04987 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.
Investing in Troy?
Run your ARV and MAO instantly with live market data