Real Estate Investing in Ogunquit, Maine (03907)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 03907 (Ogunquit, ME)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 72.0% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 27.9 — hard to cash-flow at these prices.
What’s happening in Ogunquit, ME (03907)?
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Market Analysis: 03907 Ogunquit
The 03907 ZIP in Ogunquit, ME is a local-operator market. Outside capital chasing a $937K entry has to pair deep knowledge with the discount.
The 03907 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Nearby ZIPs in Ogunquit have seen price recovery that 03907 has not matched. York County data supports the view that the spread is structural rather than temporary.
Resident income in 03907 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
The 03907 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 Ogunquit:
Property Strategy for 03907
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $391,970 | $2,060 | 3.8% | +7.4% | $391,970 |
| 2BR | $693,295 | $2,510 | 2.6% | +8.2% | $346,647 |
| 3BR | $1,033,694 | $3,360 | 2.3% | +8.6% | $344,565 |
| 4BR | $1,300,602 | $3,750 | 2.1% | +9.8% | $325,151 |
| 5BR | $1,815,935 | — | — | +10.4% | $363,187 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 03907 Compare?
| Metric | 03907 | Ogunquit | Portland-South Portland, ME | Maine |
|---|---|---|---|---|
| Home Value | $936,595 | $936,595 | N/A | $401,109 |
| 5-Year CAGR | 5.8% | 5.8% | N/A | 8.6% |
| Avg Rent | $2,800 | $2,800 | N/A | - |
| Cap Rate | 2.3% | 2.3% | - | - |
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 03907 (Ogunquit, ME). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $936,595 |
| Monthly Rent | $2,800 |
| Price-to-Rent | 27.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.6% |
| Cap Rate | 2.3% |
| 5-Year IRR | 8.1% |
📈 Home Appreciation
| 1-Year | +2.3% ▲ |
| 3-Year CAGR | +1.7% ▲ |
| 5-Year CAGR | +5.8% ▲ |
| 10-Year CAGR | +7.6% ▲ |
🏠 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 (2.3%). 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 03907
Population: 1,264
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
🎓 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
Is Ogunquit, ME better for rentals, flips, or BRRRR?
For Ogunquit, ME, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
What are home prices like in Ogunquit, ME?
Median home price in Ogunquit, ME is near $937K, with a 5-year CAGR of 0.0%. Prices have been stable and supportive of buy-and-hold strategies.
Are there empty rentals in Ogunquit, ME?
Ogunquit, ME sees elevated vacancy, which is reasonable relative to the broader ME rental market.
How landlord-friendly is Ogunquit, ME?
The landlord environment in Ogunquit, ME is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
How does Ogunquit, ME stack up for property investment?
Yes - Ogunquit, ME a 3.0/5 investability score. With $937K home prices against $2,800/mo monthly rent, the market delivers a reasonable entry point for new investors.
You know 03907 now. You don’t know where it ranks.
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How 03907 ranks in Portland-South Portland, ME
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