Real Estate Investing in North Berwick, Maine (03906)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 03906 (North Berwick, 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.
- Elevated vacancy: 8.2% vacancy may signal weakening demand.
- High price-to-rent: Price-to-rent ratio 26.0 — 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 North Berwick, ME (03906)?
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Market Analysis: 03906 North Berwick
ZIP 03906 in North Berwick, ME carries a healthy set of headwinds. Home values near $500K and rents of $1,602/mo sit inside a market where underwriting has to be tight.
In practical terms, the numbers look inviting — $500K purchase price, 0.0% nominal cap — the work to hit that pro forma in 03906 is substantial and deserves full respect.
Regionally, 03906 sits on the difficult end of the ME spectrum. The a solid fit for read — for disciplined operators — is that pricing reflects the difficulty.
Employment concentration in 03906 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Distressed ZIPs reward experience. sturdy returns are possible in 03906, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in North Berwick:
Property Strategy for 03906
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $403,041 | $1,780 | 3.2% | +9.0% | $201,520 |
| 3BR | $488,200 | $2,300 | 3.4% | +8.8% | $162,733 |
| 4BR | $539,820 | $2,980 | 4.0% | +8.8% | $134,955 |
Market Trends
Home Value History (with trend line)
📊 How Does 03906 Compare?
| Metric | 03906 | North Berwick | Portland-South Portland, ME | Maine |
|---|---|---|---|---|
| Home Value | $499,860 | $499,860 | N/A | $401,109 |
| 5-Year CAGR | 6.4% | 6.4% | N/A | 8.6% |
| Avg Rent | $1,602 | $1,602 | N/A | - |
| Cap Rate | 2.5% | 2.5% | - | - |
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 03906 (North Berwick, ME). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $499,860 |
| Monthly Rent | $1,602 |
| Price-to-Rent | 26.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.9% |
| Cap Rate | 2.5% |
| 5-Year IRR | 8.9% |
📈 Home Appreciation
| 1-Year | +5.6% ▲ |
| 3-Year CAGR | +4.5% ▲ |
| 5-Year CAGR | +6.4% ▲ |
| 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 (2.5%). 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 03906
Population: 5,275
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 03906
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 564 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What are rental rates like in North Berwick, ME?
Average rent in North Berwick, ME is approximately $1,602/mo per month. Against $500K home values that yields a reasonable rent-to-price ratio.
Is North Berwick, ME good for landlords?
North Berwick, ME falls under ME landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
Do landlords face vacancy issues in North Berwick, ME?
Expect elevated vacancy in North Berwick, ME. Rents at $1,602/mo are absorbed by the tenant base without meaningful lag.
Does house hacking make sense in North Berwick, ME?
House hacking in North Berwick, ME is reasonable to execute. Prices around $500K and rents of $1,602/mo solid owner-occupant economics.
How does North Berwick, ME rate as a rental market?
North Berwick, ME scores 3.0/5 for investability. Home values sit at $500K and rents near $1,602/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
You know 03906 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 03906 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 03906 ranks in Portland-South Portland, ME
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