Real Estate Investing in Freeport, Maine (04032)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 04032 (Freeport, 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: 14.7% of homes vacant — above national norms.
What’s happening in Freeport, ME (04032)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 04032 Freeport
ZIP 04032 inside Cumberland County looks affordable on the surface — median value of $703K — but the discount exists for reasons that a careful buyer should understand before committing.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $703K asset, 04032 is the wrong submarket. If the plan prices in friction, the yield can still work.
The gap between 04032 and stronger Freeport ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
A notable renter share of 20% in 04032 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Experienced landlords with local relationships tend to find 04032 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Freeport:
Property Strategy for 04032
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $445,339 | $1,720 | 2.8% | +8.1% | $445,339 |
| 2BR | $444,414 | $2,210 | 3.6% | +9.1% | $222,207 |
| 3BR | $663,351 | $2,690 | 2.9% | +9.3% | $221,117 |
| 4BR | $891,045 | $2,930 | 2.4% | +10.0% | $222,761 |
| 5BR | $1,148,118 | — | — | +10.4% | $229,624 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 04032 Compare?
| Metric | 04032 | Freeport | Portland-South Portland, ME | Maine |
|---|---|---|---|---|
| Home Value | $703,001 | $703,001 | N/A | $401,109 |
| 5-Year CAGR | 6.4% | 6.4% | N/A | 8.6% |
| Avg Rent | $2,658 | $2,658 | N/A | - |
| Cap Rate | 3.0% | 3.0% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 04032 (Freeport, 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 | $703,001 |
| Monthly Rent | $2,658 |
| Price-to-Rent | 22.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.5% |
| Cap Rate | 3.0% |
| 5-Year IRR | 9.3% |
📈 Home Appreciation
| 1-Year | +6.9% ▲ |
| 3-Year CAGR | +4.4% ▲ |
| 5-Year CAGR | +6.4% ▲ |
| 10-Year CAGR | +8.5% ▲ |
🏠 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 (3.0%). 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 04032
Population: 8,736
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 04032
Schools in This ZIP Code
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We evaluate schools based on factors that research shows actually impact educational outcomes:
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- 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 do rentals go for in Freeport, ME?
Rental rates in Freeport, ME average $2,658/mo. Tenant demand and $703K home values make the yield look reasonable by investor standards.
How deep is the rental pool in Freeport, ME?
Expect a solid tenant pool in Freeport, ME. The rental market absorbs $2,658/mo rents without meaningful friction.
Does Freeport, ME make sense for an investment property?
The 3.0/5 investability rating in Freeport, ME reflects its $703K prices and $2,658/mo rents. Investors generally consider it a solid option within ME.
What kind of vacancy should I budget for in Freeport, ME?
Freeport, ME vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
What does house hacking look like in Freeport, ME?
For house hackers, Freeport, ME is a challenging. The $2,658/mo rent on a unit helps defray the mortgage on a $703K property.
You know 04032 now. You don’t know where it ranks.
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How 04032 ranks in Portland-South Portland, ME
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