Real Estate Investing in Limington, Maine (04049)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 04049 (Limington, 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: 14.2% 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 Limington, ME (04049)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 04049 Limington
Not every below-median market is a bargain. Limington's 04049 ZIP sits at signals that favor experienced operators who can absorb the risk $422K pricing implies.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $422K asset, 04049 is the wrong submarket. If the plan prices in friction, the yield can still work.
In the broader ME picture, 04049 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
A durable renter share of 7% in 04049 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
seems 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 Limington:
Market Trends
Home Value History (with trend line)
📊 How Does 04049 Compare?
| Metric | 04049 | Limington | Portland-South Portland, ME | Maine |
|---|---|---|---|---|
| Home Value | $421,592 | $421,592 | N/A | $401,109 |
| 5-Year CAGR | 4.8% | 4.8% | 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 04049 (Limington, ME). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 04049 (Limington, ME)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $421,592 |
| Monthly Rent | $1,629 |
| Price-to-Rent | 21.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.6% |
| Cap Rate | 3.0% |
| 5-Year IRR | 7.8% |
📈 Home Appreciation
| 1-Year | +5.0% ▲ |
| 3-Year CAGR | +3.6% ▲ |
| 5-Year CAGR | +4.8% ▲ |
| 10-Year CAGR | +7.1% ▲ |
🏠 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 04049
Population: 3,971
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 04049
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
How much does a house cost in Limington, ME?
The median home value in Limington, ME is roughly $422K. That puts it reasonable relative to the ME statewide average.
What monthly rent should investors expect in Limington, ME?
Rents in Limington, ME run near $1,629/mo. Compared with median home prices of $422K that produces solid gross yields for typical rentals.
What is the renter demographic in Limington, ME?
The renter base in Limington, ME is reasonable for the $1,629/mo price point. Screening well and pricing to market typically yields stable tenants.
Does a duplex house hack pencil in Limington, ME?
House hacking works a challenging in Limington, ME. Rents of $1,629/mo against $422K acquisition make the strategy solid for owner-occupants.
Is Limington, ME better for rentals, flips, or BRRRR?
The best-fit strategy in Limington, ME is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
You know 04049 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 04049 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 04049 ranks in Portland-South Portland, ME
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 04049 (Limington)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 04049 (Limington, ME).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.