ZIP Code · ME

ZIP 04032

Part of Freeport, ME

Pop. 8,802·Cumberland County·4th most expensive ZIP in Maine

Median rent (all units)

$2,528/mo

Year-over-Year

Stable

Month-over-Month

-1.6%

vs US Median

+$596

Reported rents

Falling (Monthly)

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Most AffordableMost Expensive

ZIP 04032 · $2,528

More expensive than 81% of US ZIP codes · National median $1,932/mo

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Compare your rent to the local median.

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: October 17, 2026

From the history

What the numbers show

What a typical income covers

30% of the median household income ($107,326) is $2,683 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($2,210); a 3-bedroom is $2,690.

Cheaper nearby

ZIP 04011, 7 miles away, rents for 16% less ($2,125/mo), about $4,800 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 04032. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$30,336/yr

At $2,528/mo median

Location

CityFreeport

StateME

CountyCumberland County

Rent Market Meter

Renter's Market

Renter's MarketBalancedLandlord's Market

Rents are softening (down 0.0% YoY), so renters have negotiating leverage.

Based on rent-price momentum (+0.0% YoY, -1.6% 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: October 17, 2026

ZIP code 04032 covers Freeport, ME. The median rent here is $2,528/mo as of October 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 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 (about $49/hour full-time) to afford the median rent of $2,528/mo in ZIP 04032. The local median household income is $107,326/yr, so the typical household meets that bar.