Real Estate Investing in Biddeford, Maine (04005)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 04005 (Biddeford, 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: 8.7% vacancy may signal weakening demand.
What’s happening in Biddeford, ME (04005)?
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Market Analysis: 04005 Biddeford
Investors eyeing 04005 need to respect the fundamentals at play. Home values of $512K come alongside slower price movement and elevated management overhead.
Distressed markets are won on execution, not on spreadsheets. ZIP 04005 shows the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Within ME, ZIP 04005 trails on several market indicators that neighboring York County submarkets outperform. The gap is real and impressive enough to shape underwriting.
On the rental side, 24,698 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Strategy in 04005 is an operator game, not a passive one. Stepping back, entry prices of $512K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Biddeford:
Property Strategy for 04005
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $393,812 | $1,410 | 2.6% | +7.5% | $393,812 |
| 2BR | $420,580 | $1,810 | 3.1% | +9.2% | $210,290 |
| 3BR | $501,833 | $2,220 | 3.2% | +9.3% | $167,278 |
| 4BR | $547,977 | $2,490 | 3.3% | +9.5% | $136,994 |
| 5BR | $690,632 | — | — | +9.2% | $138,126 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 04005 Compare?
| Metric | 04005 | Biddeford | Portland-South Portland, ME | Maine |
|---|---|---|---|---|
| Home Value | $511,537 | $511,537 | N/A | $401,109 |
| 5-Year CAGR | 6.5% | 6.5% | N/A | 8.6% |
| Avg Rent | $2,003 | $2,003 | N/A | - |
| Cap Rate | 3.1% | 3.1% | - | - |
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 04005 (Biddeford, ME). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $511,537 |
| Monthly Rent | $2,003 |
| Price-to-Rent | 21.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.7% |
| Cap Rate | 3.1% |
| 5-Year IRR | 9.5% |
📈 Home Appreciation
| 1-Year | +3.5% ▲ |
| 3-Year CAGR | +4.2% ▲ |
| 5-Year CAGR | +6.5% ▲ |
| 10-Year CAGR | +8.5% ▲ |
🏠 Rent Trends
| 1-Year | +10.0% ▲ |
| 3-Year CAGR | +9.0% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.1%). 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 04005
Population: 24,698
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 04005
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 housing expensive in Biddeford, ME?
Biddeford, ME home values average about $512K. That price point suits investors targeting rentals with $2,003/mo in monthly income.
What is the typical renter like in Biddeford, ME?
Tenant quality in Biddeford, ME ranks as solid. Landlords generally report steady occupancy at market rents of $2,003/mo.
What kind of market is Biddeford, ME for investors?
Investors tracking Biddeford, ME will find a 3.0/5 rating supported by $512K median home values and $2,003/mo rents. That profile suits long-term holders targeting consistent returns.
How quickly do rentals get leased in Biddeford, ME?
Biddeford, ME carries elevated vacancy risk. Expect predictable absorption at market rents of $2,003/mo.
What is it like being a landlord in Biddeford, ME?
ME law landlord-friendly for landlords, and Biddeford inherits those rules. Investors should still review local ordinances for rental licensing.
You know 04005 now. You don’t know where it ranks.
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How 04005 ranks in Portland-South Portland, ME
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