Real Estate Investing in Cumberland, Maine (04021)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 04021 (Cumberland, ME)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High price-to-rent: Price-to-rent ratio 30.4 — 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 Cumberland, ME (04021)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 04021 Cumberland
Investors eyeing 04021 need to respect the fundamentals at play. Home values of $720K come alongside slower price movement and elevated management overhead.
Turning to rents, the numbers look inviting — $720K purchase price, 0.0% nominal cap — the work to hit that pro forma in 04021 is substantial and deserves full respect.
Nearby ZIPs in Cumberland have seen price recovery that 04021 has not matched. Cumberland County data supports the view that the spread is structural rather than temporary.
Who lives in 04021 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
New investors are better served looking at Cumberland's stable or hybrid ZIPs before stepping into 04021. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Cumberland:
Property Strategy for 04021
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $466,791 | $2,190 | 3.4% | +8.1% | $233,396 |
| 3BR | $637,687 | $2,660 | 3.0% | +9.2% | $212,562 |
| 4BR | $832,344 | $2,900 | 2.5% | +9.7% | $208,086 |
| 5BR | $1,050,856 | — | — | +10.5% | $210,171 |
Market Trends
Home Value History (with trend line)
📊 How Does 04021 Compare?
| Metric | 04021 | Cumberland | Portland-South Portland, ME | Maine |
|---|---|---|---|---|
| Home Value | $719,672 | $859,408 | N/A | $401,109 |
| 5-Year CAGR | 5.9% | 5.8% | N/A | 8.6% |
| Avg Rent | $1,971 | $2,138 | N/A | - |
| Cap Rate | 2.1% | 2.0% | - | - |
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 04021 (Cumberland, ME). Anonymous, moderated, never written by AI.
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Property managers serving Cumberland County
Manage rentals here? List your business →Port Property offers apartments for rent and commercial property management services in Portland, South Portland, and Biddeford, Maine. summary from their website
Schneider Property Management, part of HomeRiver Group, offers property management, brokerage, rehab and construction, leasing, and maintenance services for single-family and multi-family properties. summary from their website
Aquarius Property Management offers property management services in Greater Portland, including Portland, South Portland, Falmouth, Cape Elizabeth, and Scarborough. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $719,672 |
| Monthly Rent | $1,971 |
| Price-to-Rent | 30.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.3% |
| Cap Rate | 2.1% |
| 5-Year IRR | 8.1% |
📈 Home Appreciation
| 1-Year | +5.7% ▲ |
| 3-Year CAGR | +3.6% ▲ |
| 5-Year CAGR | +5.9% ▲ |
| 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 (2.1%). 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 04021
Population: 6,629
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 04021
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 2,551 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the investability score for Cumberland, ME?
Cumberland, ME scores 3.0/5 for investability. Home values sit at $720K and rents near $1,971/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
Is vacancy a concern in Cumberland, ME?
Cumberland, ME sees elevated vacancy, which is reasonable relative to the broader ME rental market.
Where do home prices stand in Cumberland, ME?
In Cumberland, ME the median home value sits at $720K. Against the broader ME market, that reads as reasonable for most investors.
What does house hacking look like in Cumberland, ME?
Cumberland, ME is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $720K price point reasonable to enter.
How much rent can I charge in Cumberland, ME?
Investors in Cumberland, ME typically see rents near $1,971/mo per month against $720K home values - a solid setup for rental cash flow.
You know 04021 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 04021 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 04021 ranks in Portland-South Portland, ME
Every ZIP in this metro, ranked. Free.
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