Real Estate Investing in Berwick, Maine (03901)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 03901 (Berwick, ME)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in Berwick, ME (03901)?
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Market Analysis: 03901 Berwick
The 03901 ZIP in Berwick, ME is a local-operator market. Outside capital chasing a $484K entry has to pair deep knowledge with the discount.
Turning to rents, the numbers look inviting — $484K purchase price, 0.0% nominal cap — the work to hit that pro forma in 03901 is substantial and deserves full respect.
Regionally, 03901 sits on the difficult end of the ME spectrum. The an appealing option for read — for disciplined operators — is that pricing reflects the difficulty.
Who lives in 03901 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Strategy in 03901 is an operator game, not a passive one. Meanwhile, entry prices of $484K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Berwick:
Property Strategy for 03901
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $379,543 | $2,070 | 3.9% | +7.8% | $189,771 |
| 3BR | $468,091 | $2,480 | 3.8% | +8.6% | $156,030 |
| 4BR | $501,230 | $3,470 | 5.0% | +8.6% | $125,308 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 03901 Compare?
| Metric | 03901 | Berwick | Portland-South Portland, ME | Maine |
|---|---|---|---|---|
| Home Value | $484,345 | $484,345 | N/A | $401,109 |
| 5-Year CAGR | 6.6% | 6.6% | N/A | 8.6% |
| Avg Rent | $2,200 | $2,200 | N/A | - |
| Cap Rate | 3.5% | 3.5% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 03901 (Berwick, ME). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $484,345 |
| Monthly Rent | $2,200 |
| Price-to-Rent | 18.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.5% |
| Cap Rate | 3.5% |
| 5-Year IRR | 10.1% |
📈 Home Appreciation
| 1-Year | +7.6% ▲ |
| 3-Year CAGR | +4.8% ▲ |
| 5-Year CAGR | +6.6% ▲ |
| 10-Year CAGR | +8.2% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.5%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 03901
Population: 8,094
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 03901
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 713 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How quickly do rentals get leased in Berwick, ME?
Vacancy risk in Berwick, ME is elevated. That supports even-keeled cash flow for typical rental holds.
How expensive is real estate in Berwick, ME?
The median home value in Berwick, ME is roughly $484K. That puts it reasonable relative to the ME statewide average.
How much do tenants pay in Berwick, ME?
Rent in Berwick, ME is around $2,200/mo. The resulting rent-to-value relationship with $484K pricing is reasonable for most investor models.
How strict are landlord regulations in Berwick, ME?
Rental owners in Berwick, ME deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
What strategy should investors use in Berwick, ME?
Investors usually favor careful cash-flow rentals with hands-on management in Berwick, ME. With home values at $484K and rents near $2,200/mo, other strategies can work but produce predictable rather than outsized returns.
You know 03901 now. You don’t know where it ranks.
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How 03901 ranks in Portland-South Portland, ME
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