Real Estate Investing in Kittery, Maine (03905)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 03905 (Kittery, ME)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 19.8% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 27.0 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Kittery, ME (03905)?
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Market Analysis: 03905 Kittery
The 03905 ZIP covers a section of Kittery that demands careful diligence. Prices near $852K look accessible, but the work to make a deal cash flow is real.
For an experienced owner, 03905 can be a a credible choice for hunting ground — but the discount at $852K reflects genuine risk that outside investors often underestimate.
Nearby ZIPs in Kittery have seen price recovery that 03905 has not matched. York County data supports the view that the spread is structural rather than temporary.
The 03905 ZIP's population of 1,970 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that records the need for careful underwriting.
Strategically, 03905 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Kittery:
Property Strategy for 03905
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $599,777 | $2,920 | 3.5% | +7.7% | $299,889 |
| 3BR | $826,343 | $3,500 | 3.0% | +8.8% | $275,448 |
| 4BR | $1,023,403 | $4,900 | 3.4% | +8.6% | $255,851 |
Market Trends
Home Value History (with trend line)
📊 How Does 03905 Compare?
| Metric | 03905 | Kittery | Portland-South Portland, ME | Maine |
|---|---|---|---|---|
| Home Value | $852,457 | $753,263 | N/A | $401,109 |
| 5-Year CAGR | 6.2% | 5.9% | N/A | 8.6% |
| Avg Rent | $2,628 | $2,557 | N/A | - |
| Cap Rate | 2.4% | 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 03905 (Kittery, ME). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $852,457 |
| Monthly Rent | $2,628 |
| Price-to-Rent | 27.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.7% |
| Cap Rate | 2.4% |
| 5-Year IRR | 8.6% |
📈 Home Appreciation
| 1-Year | +7.2% ▲ |
| 3-Year CAGR | +3.5% ▲ |
| 5-Year CAGR | +6.2% ▲ |
| 10-Year CAGR | +8.4% ▲ |
🏠 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 (2.4%). 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 03905
Population: 1,970
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 03905
Schools in This ZIP Code
Nearby Schools (3 more)
Schools in adjacent ZIP codes that may serve this area
Shapleigh School
Robert W Traip Academy
Maude H. Trefethen 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
Is Kittery, ME a smart market for rental property?
Investors tracking Kittery, ME will find a 3.0/5 rating supported by $852K median home values and $2,628/mo rents. That profile suits long-term holders targeting reliable returns.
Is the tenant base reliable in Kittery, ME?
Kittery, ME draws a consistent base of working renters. Demand at the $2,628/mo rent level is reasonable for standard single-family and small multi rentals.
What are vacancy rates like in Kittery, ME?
Rental vacancy in Kittery, ME is elevated. Investors should budget normal turnover but not chronic empty units.
Can I house hack in Kittery, ME?
The a challenging house-hack environment in Kittery, ME reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
What is the typical rental rate in Kittery, ME?
Kittery, ME rentals go for roughly $2,628/mo a month. That puts gross yield in solid territory relative to $852K acquisition costs.
You know 03905 now. You don’t know where it ranks.
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How 03905 ranks in Portland-South Portland, ME
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