Real Estate Investing in Sebago, Maine (04029)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 04029 (Sebago, 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: 43.5% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Sebago, ME (04029)?
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Market Analysis: 04029 Sebago
This part of Cumberland County is not an easy win. The 04029 ZIP records softness in key indicators, and the playbook that works in cleaner markets often stalls here.
For an experienced owner, 04029 can be a a viable market for hunting ground — but the discount at $415K reflects genuine risk that outside investors often underestimate.
ZIP 04029's metrics run below Cumberland County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Who lives in 04029 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. substantial returns are possible in 04029, 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 Sebago:
Market Trends
Home Value History (with trend line)
📊 How Does 04029 Compare?
| Metric | 04029 | Sebago | Portland-South Portland, ME | Maine |
|---|---|---|---|---|
| Home Value | $414,747 | $414,747 | N/A | $401,109 |
| 5-Year CAGR | 4.4% | 4.4% | N/A | 8.6% |
| Avg Rent | $1,620 | $1,620 | N/A | - |
| Cap Rate | 3.1% | 3.1% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 04029 (Sebago, 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 | $414,747 |
| Monthly Rent | $1,620 |
| Price-to-Rent | 21.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.7% |
| Cap Rate | 3.1% |
| 5-Year IRR | 7.4% |
📈 Home Appreciation
| 1-Year | +5.0% ▲ |
| 3-Year CAGR | +1.6% ▲ |
| 5-Year CAGR | +4.4% ▲ |
| 10-Year CAGR | +6.7% ▲ |
🏠 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 (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 04029
Population: 2,124
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 04029
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
Frequently Asked Questions
What is it like being a landlord in Sebago, ME?
Landlord-friendliness in Sebago, ME is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
Is house hacking profitable in Sebago, ME?
The a challenging house-hack environment in Sebago, ME reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
What are home prices like in Sebago, ME?
In Sebago, ME the median home value sits at $415K. Against the broader ME market, that reads as reasonable for most investors.
How does Sebago, ME stack up for property investment?
With a 3.0/5 investability score, Sebago, ME ranks as a solid market for rental property investors. Median prices of $415K and rents of $1,620/mo drive the underlying numbers.
Which investment style suits Sebago, ME?
In Sebago, ME the notable play is typically careful cash-flow rentals with hands-on management. The combination of $415K prices and $1,620/mo rents suits that approach.
You know 04029 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 04029 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 04029 ranks in Portland-South Portland, ME
Every ZIP in this metro, ranked. Free.
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