Real Estate Investing in Hollis, Maine (04042)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 04042 (Hollis, 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.
- Elevated vacancy: 9.4% vacancy may signal weakening demand.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Hollis, ME (04042)?
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Market Analysis: 04042 Hollis
ZIP 04042 inside York County looks affordable on the surface — median value of $448K — 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 $448K asset, 04042 is the wrong submarket. If the plan prices in friction, the yield can still work.
In the broader ME picture, 04042 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Who lives in 04042 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
appears to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Hollis:
Property Strategy for 04042
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $452,871 | $2,220 | 3.5% | +8.6% | $150,957 |
| 4BR | $503,917 | $2,490 | 3.6% | +9.2% | $125,979 |
Market Trends
Home Value History (with trend line)
📊 How Does 04042 Compare?
| Metric | 04042 | Hollis | Portland-South Portland, ME | Maine |
|---|---|---|---|---|
| Home Value | $448,451 | $448,451 | N/A | $401,109 |
| 5-Year CAGR | 4.6% | 4.6% | N/A | 8.6% |
| Avg Rent | $1,629 | $1,629 | N/A | - |
| Cap Rate | 2.8% | 2.8% | - | - |
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 04042 (Hollis, ME). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $448,451 |
| Monthly Rent | $1,629 |
| Price-to-Rent | 22.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.4% |
| Cap Rate | 2.8% |
| 5-Year IRR | 7.5% |
📈 Home Appreciation
| 1-Year | +5.5% ▲ |
| 3-Year CAGR | +3.8% ▲ |
| 5-Year CAGR | +4.6% ▲ |
| 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 (2.8%). 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 04042
Population: 4,824
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 04042
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
Is Hollis, ME a good place for real estate investing?
Hollis, ME posts an investability rating of 3.0/5, with median home values near $448K and average rents around $1,629/mo. That combination puts it in the notable tier for investor interest.
Is it easy to find good tenants in Hollis, ME?
The renter base in Hollis, ME is reasonable for the $1,629/mo price point. Screening well and pricing to market typically yields measured tenants.
What kind of vacancy should I budget for in Hollis, ME?
Occupancy in Hollis, ME runs measured with elevated vacancy. Well-priced units at $1,629/mo lease on reasonable timelines.
What price range are homes in Hollis, ME?
Median home price in Hollis, ME is near $448K, with a 5-year CAGR of 0.0%. Prices have been measured and supportive of buy-and-hold strategies.
How much rent can I charge in Hollis, ME?
Rents in Hollis, ME run near $1,629/mo. Compared with median home prices of $448K that produces solid gross yields for typical rentals.
You know 04042 now. You don’t know where it ranks.
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How 04042 ranks in Portland-South Portland, ME
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