Real Estate Investing in Harpswell, Maine (04066)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 04066 (Harpswell, ME)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 50.2% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 38.2 — hard to cash-flow at these prices.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Harpswell, ME (04066)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 04066 Harpswell
The 04066 ZIP covers a section of Harpswell that demands careful diligence. Prices near $730K look accessible, but the work to make a deal cash flow is real.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 04066 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
ZIP 04066'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.
From an investor standpoint, 845 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.
The 04066 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Harpswell:
Property Strategy for 04066
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $618,321 | $1,770 | 2.1% | +9.7% | $309,160 |
| 3BR | $722,987 | $2,300 | 2.3% | +11.1% | $240,996 |
Market Trends
Home Value History (with trend line)
📊 How Does 04066 Compare?
| Metric | 04066 | Harpswell | Portland-South Portland, ME | Maine |
|---|---|---|---|---|
| Home Value | $730,368 | $775,100 | N/A | $401,109 |
| 5-Year CAGR | 6.3% | 5.5% | N/A | 8.6% |
| Avg Rent | $1,593 | $1,689 | N/A | - |
| Cap Rate | 1.7% | 1.7% | - | - |
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 04066 (Harpswell, 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 | $730,368 |
| Monthly Rent | $1,593 |
| Price-to-Rent | 38.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.6% |
| Cap Rate | 1.7% |
| 5-Year IRR | 8.0% |
📈 Home Appreciation
| 1-Year | +3.9% ▲ |
| 3-Year CAGR | +4.1% ▲ |
| 5-Year CAGR | +6.3% ▲ |
| 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 (1.7%). 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 04066
Population: 845
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 04066
Nearby Schools (1 more)
Schools in adjacent ZIP codes that may serve this area
Harpswell Community School
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
What is the median home value in Harpswell, ME?
Harpswell, ME home values average about $730K. That price point suits investors targeting rentals with $1,593/mo in monthly income.
What is the typical renter like in Harpswell, ME?
Tenant demand in Harpswell, ME is solid. The local workforce $1,593/mo rents across most rental classes.
Are landlord laws favorable in Harpswell, ME?
Harpswell, ME falls under ME landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
Is house hacking profitable in Harpswell, ME?
The a challenging house-hack environment in Harpswell, ME reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
Is Harpswell, ME a smart market for rental property?
Yes - Harpswell, ME a 3.0/5 investability score. With $730K home prices against $1,593/mo monthly rent, the market delivers a reasonable entry point for new investors.
You know 04066 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 04066 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 04066 ranks in Portland-South Portland, ME
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