ZIP Code · ME

ZIP 04401

Part of Bangor, ME

Pop. 44,854·Penobscot County·20th most expensive ZIP in Maine

Median rent (all units)

$1,519/mo

Year-over-Year

+3.8%

Month-over-Month

Stable

vs US Median

-$413

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 04401 · $1,519

More affordable than 72% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,260

1 BR

$1,330

2 BR

$1,680

3 BR

$2,160

4 BR+

$2,270

Research median

$1,680/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

Cheapest month to sign

February. Asking rents in ZIP 04401 usually run 1.5% below trend in February and 1.6% above it in July, about $47 a month apart at today's median. Based on 5 years of data.

Compared with the peak

Rent in ZIP 04401 is 0% below its high of $1,519 in August 2026, at $1,519 as of September 2026.

Past year vs. the rest of Maine

Rent in ZIP 04401 changed +3.8% over the year to September 2026. Across the 16 Maine ZIP codes Zillow tracks, the typical change was +3.1%.

What a typical income covers

30% of the median household income ($66,932) is $1,673 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($1,330); a 2-bedroom is $1,680.

From Zillow's monthly rent index (ZORI) for ZIP 04401. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$18,228/yr

At $1,519/mo median

Location

CityBangor

StateME

CountyPenobscot County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (3.8% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+3.8% YoY, +0.0% MoM), not inventory.

Demographics

Who lives here

ZIP 04401 (Bangor, ME) is roughly split between renters and owners, 34.7% of residents hold a bachelor's degree or higher.

Population

44,854

Median income

$66,932

Median age

41.4

Renters

45.1%

Age distribution

17.6%

23.6%

25.6%

13.7%

19.4%

Under 1817.6%

18–3423.6%

35–5425.6%

55–6413.7%

65+19.4%

Gender

49.1%

50.9%

Male49.1%

Female50.9%

Race & ethnicity

90.1%

White90.1%

Black2.2%

Hispanic3.2%

Asian1.4%

Other3.1%

Education (25+)

27.9%

33.1%

34.7%

No HS diploma4.2%

HS diploma27.9%

Some college33.1%

Bachelor's+34.7%

Housing tenure

54.9%

45.1%

Owner54.9%

Renter45.1%

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

2021 vs 2026

How ZIP 04401 in Bangor, ME has changed in 5 years

Rent

$1,104 → $1,519

up 37.6%

Income

$57,428 → $66,932

up 16.5%

Population

44,184 → 44,854

up 1.5%

Renter share

44.7% → 45.1%

+0.4 pts

Bachelor's+

37.6% → 34.7%

-2.9 pts

Median age

39.8 → 41.4

+1.6 yrs

Compared with 2021, rent in ZIP 04401 in Bangor, ME has increased by $415 per month, settling near $1,519 after starting the period at $1,104. Local incomes tracked alongside that move, going from a median of $57,428 in 2021 to $66,932 more recently. Rent outpaced income growth by roughly 21.1 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 44,184 to 44,854 between 2021 and 2024, a 1.5% change. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher slipped from 37.6% to 34.7%. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 04401 in Bangor, ME market of 2021.

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About renting in ZIP 04401

Last updated: October 17, 2026

ZIP code 04401 covers Bangor, ME. The median rent here is $1,519/mo as of October 2026. A 1-bedroom rents for a median of $1,330/mo. A 2-bedroom rents for a median of $1,680/mo.

At 27% of local median household income ($66,932/yr), ZIP 04401 ranks as affordable compared to the national benchmark of 30%. Rents have increased 3.8% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 04401?

To keep rent at or below 30% of gross income, you would need to earn at least $61,000/year (about $29/hour full-time) to afford the median rent of $1,519/mo in ZIP 04401. The local median household income is $66,932/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 04401?

Rent in ZIP 04401 has risen 3.8% over the past year as of September 2026. It sits 0% below its high of $1,519 in August 2026.

When is the cheapest time to rent in ZIP 04401?

Asking rents in ZIP 04401 are usually lowest in February, about 1.5% below their yearly trend, and highest in July, about 1.6% above it. At today's median that is a gap of roughly $47 a month. This pattern comes from 5 years of Zillow rent data.

How does ZIP 04401 compare to other ZIPs in Maine?

ZIP 04401 is one of the more affordable among Maine ZIP codes for rent, ranking #20 of 22 at $1,519/mo. Over the year to September 2026, rent in ZIP 04401 changed +3.8%, against a typical +3.1% across the 16 Maine ZIP codes Zillow tracks.