Real Estate Investing in Portland, Maine (04109)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 04109 (Portland, 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: 74.1% of homes vacant — above national norms.
- Elevated poverty: 27.8% poverty rate — can affect rent collection.
- High price-to-rent: Price-to-rent ratio 33.9 — 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 Portland, ME (04109)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 04109 Portland
Investors eyeing 04109 need to respect the fundamentals at play. Home values of $872K come alongside slower price movement and elevated management overhead.
Turning to rents, the numbers look inviting — $872K purchase price, 0.0% nominal cap — the work to hit that pro forma in 04109 is substantial and deserves full respect.
The gap between 04109 and stronger Portland ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Resident income in 04109 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
The 04109 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 Portland:
Market Trends
Home Value History (with trend line)
📊 How Does 04109 Compare?
| Metric | 04109 | Portland | Portland-South Portland, ME | Maine |
|---|---|---|---|---|
| Home Value | $872,138 | $210,345 | N/A | $401,109 |
| 5-Year CAGR | 4.9% | 5.5% | N/A | 8.6% |
| Avg Rent | $2,142 | $2,283 | N/A | - |
| Cap Rate | 1.9% | 2.8% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 04109 (Portland, 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 | $872,138 |
| Monthly Rent | $2,142 |
| Price-to-Rent | 33.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.0% |
| Cap Rate | 1.9% |
| 5-Year IRR | 6.8% |
📈 Home Appreciation
| 1-Year | +5.8% ▲ |
| 3-Year CAGR | +2.5% ▲ |
| 5-Year CAGR | +4.9% ▲ |
| 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 (1.9%). 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 04109
Population: 188
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 04109
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
East End Community School
Portland High School
Long Island Elementary School
Peaks Island School
Baxter Academy for Tech & Sciences
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 strong are rents in Portland, ME?
Investors in Portland, ME typically see rents near $2,142/mo per month against $872K home values - a solid setup for rental cash flow.
What type of investing works in Portland, ME?
A careful cash-flow rentals with hands-on management strategy Portland, ME best. The market produces even-keeled results for that approach at the $872K price point.
How does Portland, ME stack up for property investment?
Portland, ME sits at an investability rating of 3.0/5, with median home values near $872K and average rents around $2,142/mo. That combination puts it in the healthy tier for investor interest.
What kind of tenants rent in Portland, ME?
Portland, ME offers a even-keeled renter base at the $2,142/mo rent level. Tenant turnover is reasonable for well-managed properties.
Is housing expensive in Portland, ME?
Portland, ME home values average about $872K. That price point suits investors targeting rentals with $2,142/mo in monthly income.
You know 04109 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 04109 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 04109 ranks in Portland-South Portland, ME
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