Real Estate Investing in Limerick, Maine (04048)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 04048 (Limerick, 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: 28.4% 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 Limerick, ME (04048)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 04048 Limerick
Investors eyeing 04048 need to respect the fundamentals at play. Home values of $419K come alongside slower price movement and elevated management overhead.
Rent of $1,629/mo on a $419K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 04048 sits below the stated 0.0% once reality is priced in.
Turning to rents, 04048 offers a low basis, the region around Limerick has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Who lives in 04048 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 Limerick's stable or hybrid ZIPs before stepping into 04048. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Limerick:
Market Trends
Home Value History (with trend line)
📊 How Does 04048 Compare?
| Metric | 04048 | Limerick | Portland-South Portland, ME | Maine |
|---|---|---|---|---|
| Home Value | $419,296 | $419,296 | N/A | $401,109 |
| 5-Year CAGR | 6.4% | 6.4% | N/A | 8.6% |
| Avg Rent | $1,629 | $1,629 | N/A | - |
| Cap Rate | 3.0% | 3.0% | - | - |
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 04048 (Limerick, ME). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 04048 (Limerick, ME)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $419,296 |
| Monthly Rent | $1,629 |
| Price-to-Rent | 21.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.7% |
| Cap Rate | 3.0% |
| 5-Year IRR | 9.4% |
📈 Home Appreciation
| 1-Year | +8.6% ▲ |
| 3-Year CAGR | +5.6% ▲ |
| 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 04048
Population: 3,315
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
Frequently Asked Questions
What kind of tenants rent in Limerick, ME?
Limerick, ME offers a stable renter base at the $1,629/mo rent level. Tenant turnover is reasonable for well-managed properties.
What is the investability score for Limerick, ME?
Limerick, ME registers an investability rating of 3.0/5, with median home values near $419K and average rents around $1,629/mo. That combination puts it in the significant tier for investor interest.
What is the typical vacancy rate in Limerick, ME?
Occupancy in Limerick, ME runs reliable with elevated vacancy. Well-priced units at $1,629/mo lease on reasonable timelines.
Is Limerick, ME a friendly market for rental owners?
Limerick, ME falls under ME landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
How do home values compare in Limerick, ME?
Homes in Limerick, ME typically sell near $419K. Prices have moved at a 0.0% 5-year CAGR, which steady long-term demand.
You know 04048 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 04048 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 04048 ranks in Portland-South Portland, ME
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 04048 (Limerick)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 04048 (Limerick, ME).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.