04537, Boothbay, ME

Boothbay, Maine is a small town located on the eastern coast of the United States. The population of Boothbay was 2,814 as of the 2010 census. The 4537 zip code covers most of Boothbay and includes the town center as well as a number of smaller neighborhoods.

The median home value in the 4537 zip code is $183,000. This is considerably higher than the statewide median home value of $146,500 and much higher than any other zip code in Maine. In fact, only one other zip code in Maine has a median home value that is even close to Boothbay's.

One reason for Boothbay's high home values is that there are relatively few homes for sale in the 4537 zip code. As of May 2015, there were only 116 active listings in the area compared to 1,936 active listings statewide and 3,521 active listings nationwide. This means that homeownership rates in Boothbay are very high compared to most areas in Maine and nationwide.

Another factor contributing to Boothbay's high home values is that many homes here were built decades ago and have not been updated since then. In fact, according to Zillow data from 2016, only 5% of homes in the 4537 zip code have been updated within the past two years – which is far below average for all U.S. ZIP codes surveyed by Zillow (25%). Consequently, many homes in this area are considered "old" or "dated" by modern standards and command high prices due to this rarity rather than actual quality or usefulness