Real Estate Investing in Arundel, Maine (04046)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 04046 (Arundel, 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: 29.2% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 25.4 — hard to cash-flow at these prices.
What’s happening in Arundel, ME (04046)?
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Market Analysis: 04046 Arundel
ZIP 04046 inside York County looks affordable on the surface — median value of $780K — 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 $780K asset, 04046 is the wrong submarket. If the plan prices in friction, the yield can still work.
Within ME, ZIP 04046 trails on several market indicators that neighboring York County submarkets outperform. The gap is real and significant enough to shape underwriting.
Demographically, 04046 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Experienced landlords with local relationships tend to find 04046 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 Arundel:
Property Strategy for 04046
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $430,005 | $1,460 | 2.4% | +7.0% | $430,005 |
| 2BR | $528,065 | $1,770 | 2.4% | +7.2% | $264,033 |
| 3BR | $753,907 | $2,370 | 2.3% | +9.5% | $251,302 |
| 4BR | $1,222,475 | $2,640 | 1.6% | +10.9% | $305,619 |
| 5BR | $2,112,961 | — | — | +11.5% | $422,592 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 04046 Compare?
| Metric | 04046 | Arundel | Portland-South Portland, ME | Maine |
|---|---|---|---|---|
| Home Value | $780,146 | $780,146 | N/A | $401,109 |
| 5-Year CAGR | 5.5% | 5.5% | N/A | 8.6% |
| Avg Rent | $2,563 | $2,563 | N/A | - |
| Cap Rate | 2.6% | 2.6% | - | - |
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 04046 (Arundel, ME). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $780,146 |
| Monthly Rent | $2,563 |
| Price-to-Rent | 25.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.9% |
| Cap Rate | 2.6% |
| 5-Year IRR | 8.0% |
📈 Home Appreciation
| 1-Year | +2.9% ▲ |
| 3-Year CAGR | +2.8% ▲ |
| 5-Year CAGR | +5.5% ▲ |
| 10-Year CAGR | +7.7% ▲ |
🏠 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 (2.6%). 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 04046
Population: 8,035
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 04046
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
What are rental rates like in Arundel, ME?
Average rent in Arundel, ME is approximately $2,563/mo per month. Against $780K home values that yields a reasonable rent-to-price ratio.
Should investors worry about vacancy in Arundel, ME?
Vacancy in Arundel, ME is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $2,563/mo.
What is the investability score for Arundel, ME?
Arundel, ME stands at an investability rating of 3.0/5, with median home values near $780K and average rents around $2,563/mo. That combination puts it in the resilient tier for investor interest.
Does Arundel, ME favor landlords or tenants?
Rental owners in Arundel, ME deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
What approach is best for Arundel, ME real estate?
The best-fit strategy in Arundel, ME is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
You know 04046 now. You don’t know where it ranks.
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How 04046 ranks in Portland-South Portland, ME
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