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ZIP Code · ME

ZIP 04032

Part of Freeport, ME
Pop. 8,802·Cumberland County·6th most expensive ZIP in Maine
Median rent (all units)
$2,532/mo
Year-over-Year
Stable
Month-over-Month
+3.4%
vs US Median
+$567
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 04032 · $2,532
More expensive than 80% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,520
1 BR
$1,720
2 BR
$2,210
3 BR
$2,690
4 BR+
$2,930
Research median
$2,210/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$30,384/yr
At $2,532/mo median
Location
StateME
CountyCumberland County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 0.0% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+0.0% YoY, +3.4% MoM), not inventory.
Demographics

Who lives here

ZIP 04032 (Freeport, ME) is majority owner-occupied, has a large retiree population, has a median income above the national average, 59.6% of residents hold a bachelor's degree or higher.

Population
8,802
Median income
$107,326
Median age
48.8
Renters
22.4%
Age distribution
19.4%
12.9%
27.6%
13.4%
26.7%
Under 1819.4%
18–3412.9%
35–5427.6%
55–6413.4%
65+26.7%
Gender
49.5%
50.5%
Male49.5%
Female50.5%
Race & ethnicity
91.6%
White91.6%
Hispanic1.1%
Asian2.5%
Other4.5%
Education (25+)
17.9%
16.9%
59.6%
No HS diploma5.6%
HS diploma17.9%
Some college16.9%
Bachelor's+59.6%
Housing tenure
77.6%
22.4%
Owner77.6%
Renter22.4%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 04032 in Freeport, ME has changed in 5 years

Income
$86,870 → $107,326
up 23.5%
Population
8,622 → 8,802
up 2.1%
Renter share
19.6% → 22.4%
+2.8 pts
Bachelor's+
54.7% → 59.6%
+4.9 pts
Median age
47.7 → 48.8
+1.1 yrs

On the earnings side, the typical household in ZIP 04032 in Freeport, ME now reports about $107,326, up from $86,870 in 2021. Headcount in the area went from 8,622 to 8,802 between 2021 and 2024, a 2.1% change. About 22.4% of households rent today, against 19.6% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 54.7% to 59.6%.

Community

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Local insights

Tips for renters in ZIP 04032

About renting in ZIP 04032

Last updated: July 20, 2026

ZIP code 04032 covers Freeport, ME. The median rent here is $2,532/mo as of July 2026. A 1-bedroom rents for a median of $1,720/mo. A 2-bedroom rents for a median of $2,210/mo.

At 28% of local median household income ($107,326/yr), ZIP 04032 ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 04032?

As of July 20, 2026, the median monthly rent in ZIP 04032 (Freeport, ME) is $2,532. This is based on aggregated data from public sources and community submissions.

How does ZIP 04032 rent compare to the US average?

ZIP 04032's median rent of $2,532/mo is $567 (29%) above the US national median of $1,965/mo.

How does ZIP 04032 compare to other ZIPs in Maine?

ZIP 04032 is one of the pricier ZIP codes in Maine, ranking #6 out of 26 ZIPs tracked at $2,532/mo.

How much income do you need to rent in ZIP 04032?

To keep rent at or below 30% of gross income, you would need to earn at least $101,000/year (~$49/hour full-time) to afford the median rent of $2,532/mo in ZIP 04032. The local median household income is $107,326/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 04032?

Rent in ZIP 04032 has been relatively stable over the past year, with a 0.0% change year over year as of July 20, 2026.

Is ZIP 04032 an affordable place to rent?

ZIP 04032 is considered affordable for renters. At $2,532/mo, rent takes approximately 28% of the local median household income ($107,326/yr). The standard benchmark is 30%. ZIP 04032 falls comfortably within that range.

What percentage of ZIP 04032 residents rent vs. own?

According to Census data, approximately 22.4% of ZIP 04032 households are renters, while 77.6% are owner-occupied. ZIP 04032 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 04032 compare to the rest of Freeport?

ZIP 04032 sits right at the Freeport citywide median of $2,532/mo.

When was rent data for ZIP 04032 last updated?

Rent data for ZIP 04032 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
28%
AFFORDABLE

At $2,532/mo, rent takes ~28% of ZIP 04032's median household income ($107,326/yr). The standard benchmark is 30%.

ZIP 04032 28%Benchmark 30%
State income tax5.8–7.15%
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Schools nearby

Public schools near ZIP 04032 (Freeport, ME)

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