04640 ZIP Code Demographics & Rankings

ZIP Code Type: STANDARD
County: Hancock County
Centroid: Latitude 44.505, Longitude -68.245
Time Zone: Eastern Time Zone (UTC -5 hours)
Observes DST: Yes

Businesses Addresses: 94
PO Box Addresses: 227
Residential Addresses: 1,092

Multi-Family Addresses: 0
Single Family Addresses: 1,092

The ZIP Code maps and database are updated 4 times per year.
Database updated: April 1, 2020, Maps updated: May 1, 2020.

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Hancock, ME 04640 Data & Demographics (As of July 1, 2019)

HOUSING AFFORDABILITY INDEX
Hancock, ME 04640 Housing Affordability Index is 123 State of Maine Housing Affordability Index is 126
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.

WEALTH INDEX
Hancock, ME 04640 Wealth Index is 85 State of Maine Wealth Index is 86
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

These new demographic attributes are availiable for Neighborhoods, Cities, Counties, and ZIP Codes.

POPULATION
Total Population	2,456 (100%)
Population in Households	2,447 (99.6%)
Population in Families	1,848 (75.2%)
Population in Group Quarters¹	9 ( 0.4%)
Population Density	84
Diversity Index²	14

INCOME
Median Household Income	$48,261
Average Household Income	$70,858
Per Capita Income	$31,106
Wealth Index⁴	85

HOUSING
Total Housing Units	1,476 (100%)
Owner Occupied HU	787 (53.3%)
Renter Occupied HU	291 (19.7%)
Vacant Housing Units	398 (27.0%)
Median Home Value	$190,693
Housing Affordability Index³	123

HOUSEHOLDS
Total Households	1,078
Average Household Size	2.27
Family Households	675
Average Family Size	3

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different race or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

Hancock, ME 04640 - Peer Comparisons by Rank and Percentile

The table below compares 04640 to the other 406 ZIP Codes in Maine by rank and percentile using July 1, 2019 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2010-2019	2019-2024
Population	0.51%	0.3%
Households	0.6%	0.35%
Families	0.33%	0.21%
Median Household Income		2.66%
Per Capita Income		3.05%

Variable Description	Rank	Percentile
Total Population	# 151	63rd
Population Density	# 152	63rd
Diversity Index	# 72	83rd
Median Household Income	# 267	34th
Per Capita Income	# 143	65th

Hancock, ME 04640 ZIP Code Profile

ZIP Code 04640: Basic Data & USPS Preferred City Name

Popular Places Near ZIP Code 04640

Use HTL Address Research for a Maine Address and get...

Hancock, ME 04640 Data & Demographics (As of July 1, 2019)

HOUSING AFFORDABILITY INDEX

WEALTH INDEX

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Hancock, ME 04640 - Peer Comparisons by Rank and Percentile

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