ZIP Code Market Report
04950 — Madison, ME
Data through February 2026 · Updated monthly
Avg Home Value
$207,119
▲ 4.7% year-over-year
Month-over-Month
-0.2%
▼ 0.2%
Single Family
$205,461
Condo / Co-op
--
The average home value in the 04950 ZIP code (Madison, Maine) is $207,119 as of February 2026. Home prices are rising, up 4.7% compared to last year.
A 3-bedroom home in 04950 is valued at $231,376.
The market in 04950 has a $179,850 spread between bottom-tier homes at $124,887 and top-tier homes at $304,737. 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 Somerset County market area in Maine. For a broader view of the housing market including rent data, market activity, and affordability analysis, see the full Somerset County report.
Free Home Value Estimate
What's your home worth in 04950 (Madison)?
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
04950 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 | $208,969 | $207,605 | $207,119 | ▼ 0.9% |
| Single Family Value | $202,113 | $203,937 | $205,461 | ▲ 1.7% |
Home Values
04950 Home Value Trend
Historical home values for ZIP code 04950. Switch between All Homes, Single Family, Bottom Tier, and Top Tier.
Source: Zillow Research ZHVI / ZORI · Updated monthly
By Bedroom
What Homes Cost in 04950
Median home values by bedroom count in this ZIP code.
| Bedrooms | Median Value |
|---|---|
| 2 Bedrooms | $202,563 |
| 3 Bedrooms | $231,376 |
| 4 Bedrooms | $218,246 |
Property Types
Home Values by Property Type in 04950
How different property types compare in this ZIP code.
All Homes
$207,119
Single Family
$205,461
Bottom Tier
$124,887
Top Tier
$304,737
Data Sources and Methodology
Home value data for ZIP code 04950 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 Madison?
Run your ARV and MAO instantly with live market data