Real Estate Investing in Windham, Maine (04062)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 04062 (Windham, 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: 10.3% vacancy may signal weakening demand.
What’s happening in Windham, ME (04062)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 04062 Windham
The 04062 ZIP covers a section of Windham that demands careful diligence. Prices near $502K look accessible, but the work to make a deal cash flow is real.
Turning to rents, the numbers look inviting — $502K purchase price, 0.0% nominal cap — the work to hit that pro forma in 04062 is substantial and deserves full respect.
ZIP 04062's metrics run below Cumberland County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Put differently, 19,041 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Distressed ZIPs reward experience. significant returns are possible in 04062, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Windham:
Property Strategy for 04062
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $362,761 | $1,410 | 2.8% | +8.3% | $362,761 |
| 2BR | $389,527 | $1,810 | 3.3% | +8.3% | $194,763 |
| 3BR | $497,712 | $2,220 | 3.2% | +8.6% | $165,904 |
| 4BR | $598,025 | $2,490 | 3.0% | +9.0% | $149,506 |
| 5BR | $656,473 | — | — | +8.5% | $131,295 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 04062 Compare?
| Metric | 04062 | Windham | Portland-South Portland, ME | Maine |
|---|---|---|---|---|
| Home Value | $502,062 | $502,062 | N/A | $401,109 |
| 5-Year CAGR | 6.2% | 6.2% | N/A | 8.6% |
| Avg Rent | $2,321 | $2,321 | N/A | - |
| Cap Rate | 3.6% | 3.6% | - | - |
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 04062 (Windham, 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 | $502,062 |
| Monthly Rent | $2,321 |
| Price-to-Rent | 18.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.6% |
| Cap Rate | 3.6% |
| 5-Year IRR | 9.8% |
📈 Home Appreciation
| 1-Year | +6.1% ▲ |
| 3-Year CAGR | +4.0% ▲ |
| 5-Year CAGR | +6.2% ▲ |
| 10-Year CAGR | +8.1% ▲ |
🏠 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 (3.6%). 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 04062
Population: 19,041
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 04062
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 2,551 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How high is vacancy risk in Windham, ME?
Windham, ME carries elevated vacancy risk. Expect measured absorption at market rents of $2,321/mo.
What strategy should investors use in Windham, ME?
A careful cash-flow rentals with hands-on management strategy Windham, ME best. The market produces even-keeled results for that approach at the $502K price point.
How strong is Windham, ME for real estate investors?
Windham, ME rates 3.0/5 for investability. With median values at $502K and rents near $2,321/mo, the market offers reasonable fundamentals for rental investors.
How expensive is real estate in Windham, ME?
The median home value in Windham, ME is roughly $502K. That puts it reasonable relative to the ME statewide average.
How much is rent in Windham, ME?
Rents in Windham, ME run near $2,321/mo. Compared with median home prices of $502K that produces solid gross yields for typical rentals.
You know 04062 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 04062 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 04062 ranks in Portland-South Portland, ME
Every ZIP in this metro, ranked. Free.
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