Real Estate Investing in Lyman, Maine (04002)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 04002 (Lyman, 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: 13.8% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 30.6 — 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 Lyman, ME (04002)?
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Market Analysis: 04002 Lyman
This part of York County is not an easy win. The 04002 ZIP reports softness in key indicators, and the playbook that works in cleaner markets often stalls here.
The investment case in 04002 is resilient only for operators who understand what they are buying. A $483K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Statewide comparisons place 04002 among ME's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Who lives in 04002 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Distressed ZIPs reward experience. significant returns are possible in 04002, 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 Lyman:
Property Strategy for 04002
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $346,408 | $1,190 | 2.5% | — | $346,408 |
| 2BR | $387,404 | $1,460 | 2.7% | +7.7% | $193,702 |
| 3BR | $463,243 | $1,930 | 3.0% | +7.5% | $154,414 |
| 4BR | $534,107 | $2,120 | 2.9% | +7.8% | $133,527 |
Market Trends
Home Value History (with trend line)
📊 How Does 04002 Compare?
| Metric | 04002 | Lyman | Portland-South Portland, ME | Maine |
|---|---|---|---|---|
| Home Value | $482,804 | $482,804 | N/A | $401,109 |
| 5-Year CAGR | 5.9% | 5.9% | N/A | 8.6% |
| Avg Rent | $1,314 | $1,314 | N/A | - |
| Cap Rate | 2.1% | 2.1% | - | - |
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 04002 (Lyman, ME). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $482,804 |
| Monthly Rent | $1,314 |
| Price-to-Rent | 30.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.3% |
| Cap Rate | 2.1% |
| 5-Year IRR | 8.0% |
📈 Home Appreciation
| 1-Year | +8.0% ▲ |
| 3-Year CAGR | +3.4% ▲ |
| 5-Year CAGR | +5.9% ▲ |
| 10-Year CAGR | +8.1% ▲ |
🏠 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 (2.1%). 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 04002
Population: 7,695
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 04002
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
Is Lyman, ME a good place for real estate investing?
With a 3.0/5 investability score, Lyman, ME ranks as a solid market for rental property investors. Median prices of $483K and rents of $1,314/mo drive the underlying numbers.
How strong are rents in Lyman, ME?
Rent in Lyman, ME is around $1,314/mo. The resulting rent-to-value relationship with $483K pricing is reasonable for most investor models.
Are eviction rules reasonable in Lyman, ME?
Lyman, ME operates under ME law, which is landlord-friendly overall for landlords. Expect stable treatment in typical lease and eviction cases.
What is the tenant pool like in Lyman, ME?
Lyman, ME draws a predictable base of working renters. Demand at the $1,314/mo rent level is reasonable for standard single-family and small multi rentals.
What investment strategy works best in Lyman, ME?
Investors usually favor careful cash-flow rentals with hands-on management in Lyman, ME. With home values at $483K and rents near $1,314/mo, other strategies can work but produce consistent rather than outsized returns.
You know 04002 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 04002 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 04002 ranks in Portland-South Portland, ME
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