Real Estate Investing in Westbrook, Maine (04092)
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Should you buy in 04092 (Westbrook, 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.
No major risk flags on the data we track.
What’s happening in Westbrook, ME (04092)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 04092 Westbrook
This part of Cumberland County is not an easy win. The 04092 ZIP reflects softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 04092 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
ZIP 04092'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.
The 04092 ZIP's population of 20,484 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that clocks in at the need for careful underwriting.
Strategy in 04092 is an operator game, not a passive one. From an investor standpoint, entry prices of $465K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Westbrook:
Property Strategy for 04092
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $379,856 | $1,960 | 3.7% | +8.2% | $189,928 |
| 3BR | $455,999 | $2,380 | 3.8% | +8.2% | $152,000 |
| 4BR | $505,221 | $2,600 | 3.7% | +8.2% | $126,305 |
| 5BR | $580,871 | — | — | +9.2% | $116,174 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 04092 Compare?
| Metric | 04092 | Westbrook | Portland-South Portland, ME | Maine |
|---|---|---|---|---|
| Home Value | $464,926 | $464,926 | N/A | $401,109 |
| 5-Year CAGR | 5.7% | 5.7% | N/A | 8.6% |
| Avg Rent | $2,405 | $2,405 | N/A | - |
| Cap Rate | 4.0% | 4.0% | - | - |
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 04092 (Westbrook, 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 | $464,926 |
| Monthly Rent | $2,405 |
| Price-to-Rent | 16.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.2% |
| Cap Rate | 4.0% |
| 5-Year IRR | 9.7% |
📈 Home Appreciation
| 1-Year | +4.5% ▲ |
| 3-Year CAGR | +3.3% ▲ |
| 5-Year CAGR | +5.7% ▲ |
| 10-Year CAGR | +8.0% ▲ |
🏠 Rent Trends
| 1-Year | +5.2% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.0%). 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 04092
Population: 20,484
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 04092
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
Are homes affordable in Westbrook, ME?
Westbrook, ME median home values land near $465K. That is reasonable territory for investors looking at $2,405/mo-per-month rentals.
What type of investing works in Westbrook, ME?
Investors usually favor careful cash-flow rentals with hands-on management in Westbrook, ME. With home values at $465K and rents near $2,405/mo, other strategies can work but produce stable rather than outsized returns.
How strict are landlord regulations in Westbrook, ME?
Rental owners in Westbrook, ME deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
Can I live-in-and-rent in Westbrook, ME?
The house hack math a challenging in Westbrook, ME. Owner-occupant buyers benefit from the $2,405/mo rents and $465K home values.
What is the tenant pool like in Westbrook, ME?
The tenant pool in Westbrook, ME is solid, supported by local employment and population fundamentals. Rents of $2,405/mo are well-absorbed by the market.
You know 04092 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 04092 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 04092 ranks in Portland-South Portland, ME
Every ZIP in this metro, ranked. Free.
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