Real Estate Investing in Kennebec County, Maine

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

22 ZIP codes • Population: 124,647

Should you buy in Kennebec County, ME? Our answer, based on the numbers below.

🏠 For Homebuyers
CAUTION
Grade D (52/100)

Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.

πŸ“ˆ For Investors
MIXED
3.0 / 5 (47/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
1 flag
  • High vacancy: 14.6% of homes vacant β€” above national norms.

What’s happening in Kennebec County, ME?

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3.0/ 5

Investability

County-wide average

3.0/ 5

Appreciation

6.4% 5yr CAGR

4.0/ 5

Landlord Climate

Regulatory friendliness

Avg Investability β˜…β˜…β˜…β˜…β˜…
Avg Home Value $342,897
Avg Monthly Rent $1,403
ZIP Codes 22

Investing in Kennebec County Real Estate

Kennebec County spans 22 ZIP codes across 21 cities in Maine, with a population of 124,647. The county's modest investment metrics reflect deeper structural challenges β€” worth studying before making commitments.

Across Kennebec's 22 ZIPs, the investment landscape runs tepid: thin appreciation, soft rents, and demographic trends that don't obviously reverse in the medium term.

A 124,647 population and $N/AK household income profile is what makes Kennebec a challenging rental region β€” the base is present, but the affordability math is tight.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Landlord Ground Truth

Real numbers from people who own or manage rentals in Kennebec County, ME. Anonymous, moderated, never written by AI.

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Avg Home Value
$342,897
Avg Monthly Rent
$1,403
1% Rule
βœ— Below
Landlord Friendly (ME)
β˜…β˜…β˜…β˜…β˜†

πŸŽ“ Colleges & Universities in Kennebec County

2 Colleges 4,456 Students 2,027 Off-Campus Renters
C+
University of Maine at Augusta
4-Year Public Β· 4,323 students
πŸ“ ~2,027 students rent off-campus
C
Capilo School of Hair Design
Vocational For-Profit Β· 133 students

Investor Insight: With 2,027 students living off-campus, Kennebec County has substantial rental demand from the college population β€” typically stable, lease-renewing tenants.

Cities in Kennebec County

ZIP Codes in Kennebec County, ME

04901 β˜… β˜… β˜… β˜… β˜…
Winslow
Population 27,431
Avg Home $276,868
Avg Rent $1,379/mo
04330 β˜… β˜… β˜… β˜… β˜…
Augusta
Population 26,517
Avg Home $297,785
Avg Rent $1,602/mo
04345 β˜… β˜… β˜… β˜… β˜…
Gardiner
Population 12,363
Avg Home $321,721
Avg Rent $1,523/mo
04963 β˜… β˜… β˜… β˜… β˜…
Oakland
Population 7,375
Avg Home $350,045
Avg Rent $1,278/mo
04364 β˜… β˜… β˜… β˜… β˜…
Winthrop
Population 6,153
Avg Home $350,556
Avg Rent $1,900/mo
04989 β˜… β˜… β˜… β˜… β˜…
Vassalboro
Population 4,544
Avg Home $350,524
Avg Rent $1,350/mo
04358 β˜… β˜… β˜… β˜… β˜…
China Village
Population 4,475
Avg Home $345,479
Avg Rent $1,305/mo
04350 β˜… β˜… β˜… β˜… β˜…
Litchfield
Population 3,635
Avg Home $366,854
Avg Rent $1,323/mo
04259 β˜… β˜… β˜… β˜… β˜…
Monmouth
Population 3,493
Avg Home $367,833
Avg Rent $1,359/mo
04927 β˜… β˜… β˜… β˜… β˜…
Clinton
Population 3,385
Avg Home $261,376
Avg Rent $1,395/mo
04917 β˜… β˜… β˜… β˜… β˜…
Belgrade
Population 3,298
Avg Home $418,833
Avg Rent $1,098/mo
04344 β˜… β˜… β˜… β˜… β˜…
Farmingdale
Population 3,001
Avg Home $327,287
Avg Rent $1,098/mo
04363 β˜… β˜… β˜… β˜… β˜…
Windsor
Population 2,666
Avg Home $373,316
Avg Rent $1,377/mo
04355 β˜… β˜… β˜… β˜… β˜…
Readfield
Population 2,628
Avg Home $354,293
Avg Rent $1,323/mo
04347 β˜… β˜… β˜… β˜… β˜…
Hallowell
Population 2,570
Avg Home $386,856
Avg Rent $1,197/mo
04351 β˜… β˜… β˜… β˜… β˜…
Manchester
Population 2,464
Avg Home $399,880
Avg Rent $1,296/mo
04910 β˜… β˜… β˜… β˜… β˜…
Albion
Population 2,358
Avg Home $277,045
Avg Rent $1,611/mo
04352 β˜… β˜… β˜… β˜… β˜…
Mt Vernon
Population 1,728
Avg Home $340,369
Avg Rent $1,179/mo
04346 β˜… β˜… β˜… β˜… β˜…
Randolph
Population 1,479
Avg Home $287,113
Avg Rent $1,350/mo
04349 β˜… β˜… β˜… β˜… β˜…
Fayette
Population 1,343
Avg Home $367,669
Avg Rent $1,818/mo
04284 β˜… β˜… β˜… β˜… β˜…
Wayne
Population 1,096
Avg Home $405,065
Avg Rent $1,521/mo
04265 β˜… β˜… β˜… β˜… β˜…
Monmouth
Population 645
Avg Home $316,959
Avg Rent $1,575/mo

Screen every market in Kennebec County

Filter this county’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo). Add weekly alerts when these markets move with Investor Pro+.

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Frequently Asked Questions About Kennebec County

Are renters plentiful in, ME?

Expect a solid tenant pool in, ME. The rental market absorbs $1,403/mo rents without meaningful friction.

What is it like being a landlord in, ME?

The landlord environment in, ME is tenant-protective. Statewide rules shape most day-to-day operations for rental owners.

How do experienced investors play, ME?

, ME investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($343K prices, $1,403/mo rents) make it a reasonable choice.

How does, ME stack up against ME overall?

within ME reads broadly in line with the state benchmark. Investors comparing markets should weight local data above the statewide aggregate.

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