Real Estate Investing in North Yarmouth, Maine (04097)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 04097 (North Yarmouth, 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 price-to-rent: Price-to-rent ratio 29.1 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in North Yarmouth, ME (04097)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 04097 North Yarmouth
Investors eyeing 04097 need to respect the fundamentals at play. Home values of $707K come alongside slower price movement and elevated management overhead.
Distressed markets are won on execution, not on spreadsheets. ZIP 04097 sits at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Within ME, ZIP 04097 trails on several market indicators that neighboring Cumberland County submarkets outperform. The gap is real and substantial enough to shape underwriting.
Resident income in 04097 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
The right play in 04097 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 North Yarmouth:
Property Strategy for 04097
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $466,521 | $2,250 | 3.5% | +7.7% | $233,261 |
| 3BR | $634,664 | $2,740 | 3.1% | +8.5% | $211,555 |
| 4BR | $786,290 | $2,980 | 2.7% | +8.9% | $196,572 |
Market Trends
Home Value History (with trend line)
📊 How Does 04097 Compare?
| Metric | 04097 | North Yarmouth | Portland-South Portland, ME | Maine |
|---|---|---|---|---|
| Home Value | $707,045 | $707,045 | N/A | $401,109 |
| 5-Year CAGR | 5.6% | 5.6% | N/A | 8.6% |
| Avg Rent | $2,025 | $2,025 | N/A | - |
| Cap Rate | 2.2% | 2.2% | - | - |
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 04097 (North Yarmouth, 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 | $707,045 |
| Monthly Rent | $2,025 |
| Price-to-Rent | 29.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.4% |
| Cap Rate | 2.2% |
| 5-Year IRR | 7.8% |
📈 Home Appreciation
| 1-Year | +5.7% ▲ |
| 3-Year CAGR | +3.1% ▲ |
| 5-Year CAGR | +5.6% ▲ |
| 10-Year CAGR | +7.9% ▲ |
🏠 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 (2.2%). 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 04097
Population: 4,173
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
🎓 Nearby Colleges & Universities
Investor Insight: With 707 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How expensive is real estate in North Yarmouth, ME?
Median home price in North Yarmouth, ME is near $707K, with a 5-year CAGR of 0.0%. Prices have been even-keeled and supportive of buy-and-hold strategies.
What monthly rent should investors expect in North Yarmouth, ME?
Average rent in North Yarmouth, ME is approximately $2,025/mo per month. Against $707K home values that yields a reasonable rent-to-price ratio.
What is the tenant pool like in North Yarmouth, ME?
The tenant pool in North Yarmouth, ME is solid, supported by local employment and population fundamentals. Rents of $2,025/mo are well-absorbed by the market.
Does a duplex house hack pencil in North Yarmouth, ME?
The a challenging house-hack environment in North Yarmouth, ME reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
How do landlord-tenant laws work in North Yarmouth, ME?
ME ranks as a landlord-friendly state for landlord-tenant law. North Yarmouth generally follows the statewide framework, so landlords face reasonable operating rules.
You know 04097 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 04097 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 04097 ranks in Portland-South Portland, ME
Every ZIP in this metro, ranked. Free.
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