| ZIP Code | 04354 |
|---|---|
| City | Palermo |
| State | Maine (ME) |
| County | Waldo County |
| Area Code | 207 |
| Elevation | 490 ft |
| Latitude | 44.396114 |
|---|---|
| Longitude | -69.43063 |
| Timezone | New York (DST) |
| FIPS | 23027 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 44.3 yrs ↓ 9% since 2019 |
|---|---|
| Avg Household Size | 2.29 |
| Below Poverty | 4.2% ▼ 59% below avg |
| College Grads | 45.3% ▲ 17% above avg |
| Unemployment | 2.0% ▼ 58% below avg |
| HS Graduate | 350 (34.3%) |
| Some College | 73 (7.1%) |
| Associates | 136 (13.3%) |
| Bachelors | 121 (11.9%) |
| Graduate Degree | 341 (33.4%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $92,344 ▲ 21% above avg ↑ 40% since 2019 |
|---|---|
| Median Home Value | $266,800 ≈ Avg ↑ 59% since 2019 |
| Home/Income Ratio | 2.9x (nat avg ~3.5x) |
| Total Units | 981 |
| Vacant Units | 361 |
| Avg HH Size | 2.29 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 981 |
|---|---|
| Vacant | 361 |
| Owner Occupied | 94.4% |
| Renter Occupied | 5.7% |
| Avg HH Size | 2.29 |
ZIP code 04354 is located in Palermo, Maine, within Waldo County. With a population of 1,420, this is a sparsely populated ZIP code with a middle-aged community — the median age is 44.3 years. Economically, 04354 is a middle-income ZIP code: the median household income of $92,344 is above the national average.
Real estate in ZIP code 04354 represents a mid-range housing market. The median home value of $266,800 is near the national average. Homeownership is strong here — 94.4% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have increased by 59% since 2019.
The population of 04354 is primarily White (96.48%). Residents are well-educated — 45.3% hold a bachelor's degree or higher, which is above the national average. Poverty affects a relatively small share of residents at 4.2%. Household income has grown by 40% since 2019.
The unemployment rate in 04354 stands at 2.0%, which is well below the national average. About 15% of workers are remote. As in most parts of the country, driving alone is the dominant commute mode at 70%.
Overall, ZIP code 04354 in Palermo, ME is characterized as middle-income, well-educated, a middle-aged community, and predominantly owner-occupied. With 1,420 residents, a median household income of $92,344, and a median home value of $266,800, it offers a clear picture of life in this part of Maine.