ZIP reports / ME / 04240
ZIP rental intelligence · 2026-06

ZIP 04240, Lewiston, ME

Asking rent, household capacity, housing stock and local context—kept at their original geographic and measurement scopes.

Direct local rent answer

What does rent cost in ZIP 04240?

The latest Zillow ZORI for ZIP 04240 is $1,480 per month in 2026-06. It is a typical observed asking-rent index across rental types—not an arithmetic average, signed lease or quote for one property.

Zillow asking-rent index$1,4802026-06 · up 3.8% year over year
ACS median gross rent$986ACS 2024 5-year survey · ±$44 margin of error
HUD two-bedroom standard$1,586Administrative FMR/SAFMR · not asking rent
Bedroom-level rent benchmarks in ZIP 04240
BedroomsModelled asking-rent lensHUD standardHow to use it
Studio$1,064ZORI scaled by the local HUD bedroom ladder$1,140HUD FMR/SAFMR administrative benchmarkCompare with current same-bedroom listings; do not average these two measures.
1 bedroom$1,137ZORI scaled by the local HUD bedroom ladder$1,218HUD FMR/SAFMR administrative benchmarkCompare with current same-bedroom listings; do not average these two measures.
2 bedrooms$1,480ZORI scaled by the local HUD bedroom ladder$1,586HUD FMR/SAFMR administrative benchmarkCompare with current same-bedroom listings; do not average these two measures.
3 bedrooms$1,913ZORI scaled by the local HUD bedroom ladder$2,050HUD FMR/SAFMR administrative benchmarkCompare with current same-bedroom listings; do not average these two measures.
4 bedrooms$2,151ZORI scaled by the local HUD bedroom ladder$2,305HUD FMR/SAFMR administrative benchmarkCompare with current same-bedroom listings; do not average these two measures.

Bedroom estimates are modelled, not observed rents. Zillow, Census ACS and HUD describe different housing universes and remain separate throughout this report.Zillow pulled 2026-08-08

Median household income$55,393ACS 2024 5-year · ±$4,316 MOE
Renter share48.8%7,863 renter households
Rent burden 30%+49.1%3,861 observed households
Housing vacancy5.9%1,006 of 17,105 units
Six views · one local decision

Read the measures together, without merging them

ZORI tracks observed asking rent, ACS describes occupied renter homes, and HUD publishes an administrative benchmark. The charts preserve those differences and add wider context only where the geography is named.

Three definitions of rent

Useful as a spread, not interchangeable observations.

Three rent measures for ZIP 04240Zillow asking-rent index$1,480ACS median gross rent$986HUD two-bedroom standard$1,586

Affordability screen

Annual income implied by 30% of the current ZIP ZORI.

Income screen for ZIP 04240ACS median household income$55,393Income at 30% of ZIP ZORI$59,200

Bedroom ladder

Modelled from ZIP ZORI using the local HUD ladder.

Modelled bedroom rent ladder for ZIP 04240Studio$1,064One bedroom$1,137Two bedrooms$1,480Three bedrooms$1,913Four bedrooms$2,151

Observed renter burden

ACS ZCTA households with computable gross-rent burden.

Observed renter cost burden in ZCTA 0424030% or more of income3,861 householdsBelow 30%4,002 households

ZIP versus wider rent context

Each bar retains its own ZIP, city, county or metro scope.

Asking-rent context for ZIP 04240ZIP 04240$1,480Lewiston city$1,480Androscoggin County county$1,522Lewiston-Auburn, ME metro$1,522

Monthly asking-rent history

Direct Zillow ZORI observations over the latest five years. Missing months remain visible gaps.

Five-year direct Zillow asking-rent history for ZIP 04240; missing months remain gaps$1,519$1,438$1,358$1,2772024-022025-052026-06
Five-year change
n/aexact same-month endpoints
Largest observed drawdown
1.8%peak to a later observed month
Annualized monthly variability
3.2%26 consecutive returns
Monthly coverage
96.6%28 of 29 months
Decision brief

What the evidence says for ZIP 04240

For the 04240 Lewiston label, the decision question is whether the present asking-rent benchmark is being read as a current market signal rather than as the rent of a specific available home. This five-digit label is both Zillow’s ZIP market identifier and a Census ZCTA match; a ZCTA is a statistical area and is not identical to a USPS delivery ZIP. In 2026-06, Zillow’s ZIP-level ZORI was $1,480 per month, up 3.8% from a year earlier. It is a typical observed asking-rent index blended across rental types, so the figure is most useful as a broad current benchmark. The year-over-year movement shows the index changed, but neither it nor the ZIP label identifies a unit’s condition, utilities, lease terms, or availability.

Household income and renter evidence frame the size of the screen while staying separate from any applicant assessment. In the matched Census ZCTA’s ACS 2024 five-year data, median household income was $55,393. Dividing the $1,480 monthly index into an annual 30% screen yields $59,200 of required income; that is arithmetic, not advice or an applicant qualification rule. The same calculation puts the index at 32.1% of median household income before considering household composition, taxes, debts, or included charges. Renter households accounted for 7,863 occupied housing units, or 48.8% of occupied units. Among those observed renter households, 3,861, or 49.1%, reported gross-rent burdens at or above 30%; this is an ACS population-level observation, not evidence that any particular unit or prospective renter is burdened.

The rent series differ in what they count and should not be blended. The matched Census ZCTA’s ACS median gross rent was $986, a five-year survey estimate for occupied renter homes that includes selected utilities. It was $494, or 50.1%, below the current ZORI, a gap that compares different timing, occupancy, and rent concepts rather than proving a change for a comparable home. HUD’s FY2026 two-bedroom FMR/SAFMR standard was $1,586. HUD FMR/SAFMR is an administrative, bedroom-specific standard, not asking rent; the ZIP ZORI sat 6.7% below that two-bedroom standard, but the ZORI itself is blended across rental types. These references answer different questions: current typical asking conditions, surveyed occupied-home gross rent, and program-standard benchmarks.

Bedroom detail is supplied only as a model, not as a survey of observed bedroom rents. Scaling the ZIP ZORI with the local HUD bedroom ladder produces modelled monthly ZIP estimates of $1,064 for a studio, $1,137 for one bedroom, $1,480 for two bedrooms, $1,913 for three bedrooms, and $2,151 for four bedrooms. The increasing ladder expresses the HUD-relative size pattern around the blended ZORI; it does not establish what a listed, leased, renovated, utility-included, or available unit rents for. Its chief decision use is to make the size assumption explicit. A comparison involving a particular bedroom count should instead inspect that property’s advertised rent, fees, included utilities, and lease terms.

The housing inventory provides a composition check, not a listing count. The matched Census ZCTA contained 17,105 housing units, with 16,099 occupied and 1,006 vacant, for a 5.9% overall vacancy rate. Of all vacant units, 129 were classified for rent and 99 as seasonal, so the overall rate combines categories with different potential relevance to a renter’s search. The stock included 7,671 single-family units and 1,024 large-multifamily units, but these counts do not reveal their tenure, price, condition, or current availability. Neither the vacant-for-rent count nor any burden measure proves the supply, affordability, or suitability of a particular unit.

Wider geographies offer context but are not substitutes for ZIP evidence. In the Lewiston city context, the asking-rent index was $1,479.75, essentially aligned with the ZIP benchmark. In Androscoggin County context, the asking-rent index was $1,522. In the Lewiston-Auburn, ME metro context, the asking-rent index was also $1,522 and the two-bedroom HUD standard was $1,586. The city, county, and metro values are wider-area references rather than values that can be assigned to the ZIP or to a specific rental. Their close or differing levels provide comparison points, but they do not change the distinct definitions of Zillow asking rent, ACS gross rent, or HUD administration standards.

Important limits remain. The ACS figures are ZCTA five-year estimates and carry the reported margins of error. Zillow is an index rather than a tabulation of leases, and HUD standards serve administration rather than observed asking-rent measurement. Before interpreting any property, check the exact advertised base rent, bedroom count and square footage, whether utilities are included, every recurring or one-time fee, deposit, lease length, availability date, income rule, and the landlord’s stated screening and occupancy terms. Those checks anchor a property decision in the unit rather than in broad ZIP, ZCTA, or wider-area reference measures.

Decision signals

What deserves a closer property-level check

Current index and income screen

The June 2026 ZIP ZORI is $1,480, up 3.8% year over year. Against the ZCTA’s $55,393 median household income, the 30% annualized screen is $59,200 and the resulting ratio is 32.1%. This is a standardized arithmetic comparison; it neither describes a renter’s finances nor sets an eligibility threshold.

Three rent references answer different questions

ACS median gross rent represents occupied renter homes over a five-year survey period and includes selected utilities, while ZORI reflects current typical observed asking rents across rental types. The FY2026 HUD FMR/SAFMR amount is a bedroom-specific administrative standard. The $986 ACS median, $1,480 ZORI, and $1,586 two-bedroom HUD value are parallel references, not interchangeable rents.

Bedroom ladder is modelled

Studio through four-bedroom values of $1,064, $1,137, $1,480, $1,913, and $2,151 are modelled ZIP estimates constructed by scaling ZORI with local HUD relationships. They disclose the assumed bedroom pattern, but they are not measured bedroom rents or evidence of a property’s asking price. Actual comparisons need the particular unit’s listed rate and terms.

Renter and vacancy measures are aggregate

The ZCTA’s 7,863 renter households made up 48.8% of occupied homes, and 49.1% of that observed renter group had gross-rent burdens of at least 30%. The inventory also had 1,006 vacant units, only 129 classified for rent. These aggregate observations describe populations and categories; they cannot establish a household’s burden or a unit’s availability.

  • Zillow’s current ZIP asking-rent index, the ACS ZCTA five-year occupied-home survey, and HUD administrative standards use different universes; treating their gaps as the rent for one comparable unit risks a false comparison.
  • The ZIP label is matched to a Census ZCTA for this report, but a ZCTA is statistical rather than a USPS delivery ZIP; address-level geography and postal coverage need separate verification.
  • Overall vacancy includes for-rent, seasonal, for-sale, and other classifications, so it cannot establish that a suitable property is available, affordable, legally rentable, or offered on a particular date.
  • The bedroom figures are HUD-ladder modelled estimates derived from blended ZORI, not observed bedroom rents; unit-specific price may differ because rent terms, utilities, and property attributes were not provided.
Direct ZIP resale evidence

For-sale liquidity inside ZIP 04240

Redfin reports these as a rolling three-month ZIP observation through 2026-06-30. They describe the for-sale market, not rental vacancy or the rent of a particular property.

Median sale price$344,922+1.5% year over year
Homes sold83rolling three-month observation
Median days on market25 daysfor-sale listing absorption
Months of supply3.3resale inventory relative to sales pace

Activity and available supply

Direct ZIP counts remain separate because each describes a different stage of the resale funnel.

Direct resale activity for ZIP 04240Active listings178Inventory91Pending sales98Homes sold83

Counter-signals before underwriting

A price alone does not reveal how quickly buyers are absorbing available homes.

Inventory direction

91 observed inventory · +23.5% year over year.

Price realization

99.7% average sale-to-list ratio · 33.4% sold above original list.

Early absorption

55.0% went off market within two weeks; compare this with 25 median days on market.

Measurement boundary

Small ZIP samples can move sharply. This rolling period smooths monthly noise but does not replace current address-level sale and rent comparables.

Redfin Data Center · updated 2026-07-03 · exact five-digit ZIP key. Implausible source values are withheld as n/a rather than repaired or inherited from a broader geography.

Wider market evidence

Listing and rental liquidity around the ZIP

These measures are not ZIP observations. They are labelled county or metro context so they can challenge the local story without being copied into it.

Androscoggin County listing conditions

199 active Realtor.com listings · 24 median days on market · 22.9% price-reduced share · 2026-06.

Lewiston-Auburn, ME resale supply

2.3 months of supply · 25 median days on market · 30.9% listings with price drops · Redfin 2026-05-01.

Apartment List metro liquidity

n/a reported apartment vacancy · n/a. These are direct metro observations and do not describe a particular ZIP unit.

Property-level next step

Compare live same-bedroom listings, concessions, utilities, condition and days listed inside ZIP 04240. The report frames the market; it does not replace a rent roll, lease review or address-level comparable set.

Questions this report can answer

Scope-aware answers

What does the $1,480 figure represent?

The $1,480 amount is Zillow’s June 2026 ZORI for the ZIP market. It is a typical observed asking-rent index blended across rental types, intended as a broad current benchmark. It is not a quoted rent for an identified home, and it does not state utilities, fees, property condition, or availability.

Why does ACS median gross rent differ from ZORI and HUD?

ACS is a matched ZCTA five-year survey of occupied renter homes, and its median gross-rent measure includes selected utilities. ZORI tracks asking rents at a current ZIP-market index level. HUD FMR/SAFMR is instead a bedroom-specific administrative standard. Different timing, units of observation, and included costs make their figures non-interchangeable.

Are the bedroom figures measured local rents?

No. The studio through four-bedroom figures scale the blended ZIP ZORI by the local HUD ladder, producing a consistent modelled pattern. They are not measured asking rents, lease rents, or survey medians for bedroom categories. A real listing can differ because its specific rent terms and included charges are not contained in the model.

Which property-specific details matter before interpreting a listing?

Check the advertised base rent, bedroom count, square footage, included utilities, every recurring and one-time fee, deposit, lease length, availability date, and stated occupancy and income terms. These item-level details determine what is actually offered and prevent broad ZIP, ZCTA, county, city, or metro references from being mistaken for the property’s terms.