Real Estate Investing in Hiram, Maine (04041)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 04041 (Hiram, 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.
- High vacancy: 28.2% 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 Hiram, ME (04041)?
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Market Analysis: 04041 Hiram
ZIP 04041 in Hiram, ME carries a robust set of headwinds. Home values near $322K and rents of $1,584/mo sit inside a market where underwriting has to be tight.
The 04041 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
ZIP 04041's metrics run below Oxford County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Employment concentration in 04041 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The right play in 04041 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Hiram:
Market Trends
Home Value History (with trend line)
📊 How Does 04041 Compare?
| Metric | 04041 | Hiram | Maine |
|---|---|---|---|
| Home Value | $322,423 | $322,423 | $401,109 |
| 5-Year CAGR | 7.4% | 7.4% | 8.6% |
| Avg Rent | $1,584 | $1,584 | - |
| Cap Rate | 3.8% | 3.8% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 04041 (Hiram, ME). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $322,423 |
| Monthly Rent | $1,584 |
| Price-to-Rent | 17.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.9% |
| Cap Rate | 3.8% |
| 5-Year IRR | 11.2% |
📈 Home Appreciation
| 1-Year | +3.1% ▲ |
| 3-Year CAGR | +5.9% ▲ |
| 5-Year CAGR | +7.4% ▲ |
| 10-Year CAGR | N/A |
🏠 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 (3.8%). 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 04041
Population: 1,757
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 04041
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.
Frequently Asked Questions
What are home prices like in Hiram, ME?
Homes in Hiram, ME typically sell near $322K. Prices have moved at a 0.0% 5-year CAGR, which consistent long-term demand.
How high is vacancy risk in Hiram, ME?
Hiram, ME sees elevated vacancy, which is reasonable relative to the broader ME rental market.
Is Hiram, ME good for landlords?
Rental owners in Hiram, ME deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
Does house hacking make sense in Hiram, ME?
For house hackers, Hiram, ME is a challenging. The $1,584/mo rent on a unit helps defray the mortgage on a $322K property.
How deep is the rental pool in Hiram, ME?
Working renters make up the core of the Hiram, ME tenant base. The pool is reasonable for investors targeting long-term holds.
You know 04041 now. You don’t know where it ranks.
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