ZIP Code 04087 — Waterboro, ME Home Prices (2026)

The typical home in ZIP 04087 (Waterboro, Maine) is worth about $426,000 at roughly $344 per square foot — about the same as the Waterboro median and 45% more expensive than the typical U.S. home.

$426,000

Typical home value

$344

Price per sq ft

#2 of 3

Waterboro ZIPs by value

+0%

vs Waterboro median

How 04087 compares

ZIP 04087 is a mid-priced ZIP code for Waterboro: its typical home value of $426,000 ranks #2 of the 3 Waterboro ZIP codes we track (the citywide range runs from $393,000 in 04061 to $430,000 in 04030). Per square foot it costs about $344, against $343 for Waterboro as a whole, $271 for Maine, and $195 nationally.

Area	Typical value	$ / sq ft
ZIP 04087	$426,000	$344
Waterboro, ME	$426,000	$343
Maine	$361,500	$271
United States	$294,000	$195

Home value by size in 04087

Using this ZIP’s rate of about $344 per square foot. Condition, lot, and the exact street move these meaningfully — use the estimator below for a home-specific figure.

Home size	Estimated value
1,000 sq ft	$344,000
1,500 sq ft	$516,000
2,000 sq ft	$688,000
2,500 sq ft	$860,000
3,000 sq ft	$1,032,000

Salary needed to buy a home in ZIP 04087

To buy the typical $426,000 home in ZIP 04087 with 20% down, you need a household income of roughly $116,000 a year (about $2,700 a month for the mortgage, taxes, and insurance). With 10% down the bar rises to about $138,000, because the loan is bigger and mortgage insurance kicks in.

Down payment	Cash down	Monthly payment	Income needed
5% (+PMI)	$21,300	$3,360/mo	$144,000/yr
10% (+PMI)	$42,600	$3,210/mo	$138,000/yr
20%	$85,200	$2,700/mo	$116,000/yr

Assumes a 30-year fixed mortgage at 6.5%, property tax at 1.1% and insurance at 0.45% of value per year, PMI of 0.75% on loans with less than 20% down, and the standard 28% housing-to-income rule. Your rate, taxes, and HOA will move these — run your own numbers in the mortgage calculator.

What your budget buys in ZIP 04087

At about $344 per square foot, here is roughly how much home different budgets get you in ZIP 04087:

Budget	Approx. size	What that looks like locally
$200k	580 sq ft	below the local median — condos, smaller or older homes
$250k	730 sq ft	below the local median — condos, smaller or older homes
$300k	870 sq ft	below the local median — condos, smaller or older homes
$400k	1160 sq ft	around the typical home here
$500k	1450 sq ft	around the typical home here

Wondering where that budget goes further? The relocation calculator ranks hundreds of U.S. cities by what the same money buys — it opens pre-filled with a typical 04087 home.

Estimate a specific home in 04087

The estimator below is pre-set to ZIP 04087 — pick your home’s size for an instant ballpark, then open the full calculator to adjust beds, baths, and condition.

All Waterboro ZIP codes by home value

Where 04087 sits among Waterboro’s 3 ZIP codes:

#	ZIP code	Typical value	$ / sq ft
1	04030	$430,000	$265
2	04087 (this page)	$426,000	$344
3	04061	$393,000	$343

ZIP 04087 home prices: frequently asked

What is the average home price in ZIP code 04087? +

The typical home in ZIP 04087 (Waterboro, ME) is worth about $426,000 as of 2026. That is about the same as the Waterboro median of $426,000 and 45% more expensive than the U.S. median of $294,000.

What is the price per square foot in 04087? +

About $344 per square foot in 04087, versus $343 across Waterboro and $271 across Maine. At that rate a 1,500 sq ft home runs roughly $516,000 and a 2,500 sq ft home about $860,000.

What salary do you need to buy a house in ZIP 04087? +

For the typical $426,000 home in ZIP 04087, a household income of about $116,000 a year covers the payment with 20% down (a 30-year fixed at 6.5%, plus taxes and insurance, under the 28% rule). With 10% down you need roughly $138,000; with 5% down about $144,000.

Is 04087 an expensive ZIP code? +

Within Waterboro, 04087 ranks #2 of 3 ZIP codes by typical home value, which makes it a mid-priced ZIP code for Waterboro. Nationally it is relatively expensive.

See the full Waterboro home values page, all Maine cities, or price per square foot by ZIP code nationwide.

Directional estimates from public market data (Realtor.com & Zillow research), not appraisals. A single ZIP contains very different homes; actual values vary and change over time.