Real Estate Investing in Kittery, Maine (03904)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 03904 (Kittery, 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 Kittery, ME (03904)?
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Market Analysis: 03904 Kittery
This part of York County is not an easy win. The 03904 ZIP clocks in at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Distressed markets are won on execution, not on spreadsheets. ZIP 03904 posts the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
The gap between 03904 and stronger Kittery ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
In practical terms, 8,310 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
The 03904 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Kittery:
Property Strategy for 03904
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $436,142 | $1,680 | 2.8% | +8.3% | $436,142 |
| 2BR | $532,132 | $2,200 | 3.0% | +8.4% | $266,066 |
| 3BR | $642,320 | $2,640 | 3.0% | +8.4% | $214,107 |
| 4BR | $707,353 | $3,690 | 3.8% | +8.5% | $176,838 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 03904 Compare?
| Metric | 03904 | Kittery | Portland-South Portland, ME | Maine |
|---|---|---|---|---|
| Home Value | $654,070 | $753,263 | N/A | $401,109 |
| 5-Year CAGR | 5.6% | 5.9% | N/A | 8.6% |
| Avg Rent | $2,486 | $2,557 | N/A | - |
| Cap Rate | 3.0% | 2.7% | - | - |
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 03904 (Kittery, ME). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $654,070 |
| Monthly Rent | $2,486 |
| Price-to-Rent | 21.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.6% |
| Cap Rate | 3.0% |
| 5-Year IRR | 8.6% |
📈 Home Appreciation
| 1-Year | +5.9% ▲ |
| 3-Year CAGR | +3.7% ▲ |
| 5-Year CAGR | +5.6% ▲ |
| 10-Year CAGR | +8.7% ▲ |
🏠 Rent Trends
| 1-Year | -13.6% ▼ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.0%). 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 03904
Population: 8,310
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 03904
Schools in This ZIP Code
Nearby Schools (1 more)
Schools in adjacent ZIP codes that may serve this area
Horace Mitchell Primary School
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 869 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What kind of market is Kittery, ME for investors?
Investors tracking Kittery, ME will find a 3.0/5 rating supported by $654K median home values and $2,486/mo rents. That profile suits long-term holders targeting even-keeled returns.
Where do rents currently stand in Kittery, ME?
The typical rental in Kittery, ME commands about $2,486/mo monthly. That rent profile stable cash flow against the $654K purchase basis.
What real estate strategy is ideal for Kittery, ME?
Kittery, ME investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($654K prices, $2,486/mo rents) make it a reasonable choice.
What kind of vacancy should I budget for in Kittery, ME?
Kittery, ME vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
Can I live-in-and-rent in Kittery, ME?
The house hack math a challenging in Kittery, ME. Owner-occupant buyers benefit from the $2,486/mo rents and $654K home values.
You know 03904 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 03904 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 03904 ranks in Portland-South Portland, ME
Every ZIP in this metro, ranked. Free.
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