Real Estate Investing in York, Maine (03902)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 03902 (York, 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: 31.2% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 32.6 — 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 York, ME (03902)?
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Market Analysis: 03902 York
ZIP 03902 in York, ME carries a solid set of headwinds. Home values near $786K and rents of $2,007/mo sit inside a market where underwriting has to be tight.
The 03902 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Statewide comparisons place 03902 among ME's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
The 03902 ZIP's population of 2,530 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that reflects the need for careful underwriting.
Strategically, 03902 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 York:
Property Strategy for 03902
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $565,158 | $2,230 | 2.8% | +8.1% | $282,579 |
| 3BR | $761,748 | $2,770 | 2.6% | +8.9% | $253,916 |
| 4BR | $1,367,013 | $3,630 | 1.9% | +10.5% | $341,753 |
Market Trends
Home Value History (with trend line)
📊 How Does 03902 Compare?
| Metric | 03902 | York | Portland-South Portland, ME | Maine |
|---|---|---|---|---|
| Home Value | $786,026 | $259,083 | N/A | $401,109 |
| 5-Year CAGR | 5.6% | 5.5% | N/A | 8.6% |
| Avg Rent | $2,007 | $2,297 | N/A | - |
| Cap Rate | 2.0% | 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 03902 (York, ME). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $786,026 |
| Monthly Rent | $2,007 |
| Price-to-Rent | 32.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.1% |
| Cap Rate | 2.0% |
| 5-Year IRR | 7.6% |
📈 Home Appreciation
| 1-Year | +5.6% ▲ |
| 3-Year CAGR | +2.9% ▲ |
| 5-Year CAGR | +5.6% ▲ |
| 10-Year CAGR | +7.7% ▲ |
🏠 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 (2.0%). 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 03902
Population: 2,530
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 1,284 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What do landlords charge for rent in York, ME?
Rent in York, ME is around $2,007/mo. The resulting rent-to-value relationship with $786K pricing is reasonable for most investor models.
What are home prices like in York, ME?
The median home value in York, ME is roughly $786K. That puts it reasonable relative to the ME statewide average.
Which investment style suits York, ME?
A careful cash-flow rentals with hands-on management strategy York, ME best. The market produces steady results for that approach at the $786K price point.
Do rentals sit vacant long in York, ME?
Rental vacancy in York, ME is elevated. Investors should budget normal turnover but not chronic empty units.
Is York, ME suited for a house hack?
For house hackers, York, ME is a challenging. The $2,007/mo rent on a unit helps defray the mortgage on a $786K property.
You know 03902 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 03902 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 03902 ranks in Portland-South Portland, ME
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