Real Estate Investing in Old Orchard Beach, Maine (04064)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 04064 (Old Orchard Beach, 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: 24.5% of homes vacant — above national norms.
What’s happening in Old Orchard Beach, ME (04064)?
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Market Analysis: 04064 Old Orchard Beach
The 04064 ZIP in Old Orchard Beach, ME is a local-operator market. Outside capital chasing a $513K entry has to pair deep knowledge with the discount.
Meanwhile, the numbers look inviting — $513K purchase price, 0.0% nominal cap — the work to hit that pro forma in 04064 is substantial and deserves full respect.
Nearby ZIPs in Old Orchard Beach have seen price recovery that 04064 has not matched. York County data supports the view that the spread is structural rather than temporary.
Turning to rents, 8,585 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.
Experienced landlords with local relationships tend to find 04064 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 Old Orchard Beach:
Property Strategy for 04064
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $302,111 | $1,410 | 3.4% | +9.6% | $302,111 |
| 2BR | $426,918 | $1,810 | 3.1% | +9.9% | $213,459 |
| 3BR | $549,282 | $2,220 | 2.9% | +9.2% | $183,094 |
| 4BR | $626,276 | $2,490 | 2.9% | +9.0% | $156,569 |
| 5BR | $886,288 | — | — | +9.7% | $177,258 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 04064 Compare?
| Metric | 04064 | Old Orchard Beach | Portland-South Portland, ME | Maine |
|---|---|---|---|---|
| Home Value | $512,719 | $512,719 | N/A | $401,109 |
| 5-Year CAGR | 6.6% | 6.6% | N/A | 8.6% |
| Avg Rent | $1,889 | $1,889 | N/A | - |
| Cap Rate | 2.9% | 2.9% | - | - |
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 04064 (Old Orchard Beach, ME). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $512,719 |
| Monthly Rent | $1,889 |
| Price-to-Rent | 22.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.4% |
| Cap Rate | 2.9% |
| 5-Year IRR | 9.5% |
📈 Home Appreciation
| 1-Year | +3.5% ▲ |
| 3-Year CAGR | +3.7% ▲ |
| 5-Year CAGR | +6.6% ▲ |
| 10-Year CAGR | +8.2% ▲ |
🏠 Rent Trends
| 1-Year | -8.9% ▼ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.9%). 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 04064
Population: 8,585
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 04064
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 much does a house cost in Old Orchard Beach, ME?
The median home value in Old Orchard Beach, ME is roughly $513K. That puts it reasonable relative to the ME statewide average.
What kind of tenants rent in Old Orchard Beach, ME?
Tenant demand in Old Orchard Beach, ME is solid. The local workforce $1,889/mo rents across most rental classes.
Should investors consider Old Orchard Beach, ME?
Yes - Old Orchard Beach, ME a 3.0/5 investability score. With $513K home prices against $1,889/mo monthly rent, the market delivers a reasonable entry point for new investors.
Do landlords face vacancy issues in Old Orchard Beach, ME?
Occupancy in Old Orchard Beach, ME runs measured with elevated vacancy. Well-priced units at $1,889/mo lease on reasonable timelines.
What does house hacking look like in Old Orchard Beach, ME?
House hacking works a challenging in Old Orchard Beach, ME. Rents of $1,889/mo against $513K acquisition make the strategy solid for owner-occupants.
You know 04064 now. You don’t know where it ranks.
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How 04064 ranks in Portland-South Portland, ME
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