Real Estate Investing in Cumberland, Maine (04110)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 04110 (Cumberland, 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 36.1 — 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 Cumberland, ME (04110)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 04110 Cumberland
Investors eyeing 04110 need to respect the fundamentals at play. Home values of $999K come alongside slower price movement and elevated management overhead.
Rent of $2,304/mo on a $999K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 04110 sits below the stated 0.0% once reality is priced in.
Regionally, 04110 sits on the difficult end of the ME spectrum. The a strong candidate for read — for disciplined operators — is that pricing reflects the difficulty.
The 04110 ZIP's population of 1,917 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that reports the need for careful underwriting.
New investors are better served looking at Cumberland's stable or hybrid ZIPs before stepping into 04110. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Cumberland:
Property Strategy for 04110
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $882,456 | $3,110 | 2.5% | +9.0% | $294,152 |
| 4BR | $1,235,435 | $3,380 | 2.0% | +10.0% | $308,859 |
Market Trends
Home Value History (with trend line)
📊 How Does 04110 Compare?
| Metric | 04110 | Cumberland | Portland-South Portland, ME | Maine |
|---|---|---|---|---|
| Home Value | $999,144 | $859,408 | N/A | $401,109 |
| 5-Year CAGR | 5.7% | 5.8% | N/A | 8.6% |
| Avg Rent | $2,304 | $2,138 | N/A | - |
| Cap Rate | 1.8% | 2.0% | - | - |
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 04110 (Cumberland, 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 | $999,144 |
| Monthly Rent | $2,304 |
| Price-to-Rent | 36.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.8% |
| Cap Rate | 1.8% |
| 5-Year IRR | 7.5% |
📈 Home Appreciation
| 1-Year | +6.0% ▲ |
| 3-Year CAGR | +2.6% ▲ |
| 5-Year CAGR | +5.7% ▲ |
| 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 (1.8%). 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 04110
Population: 1,917
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 2,551 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What price range are homes in Cumberland, ME?
Expect median prices around $999K in Cumberland, ME. The market has run at a 0.0% 5-year CAGR, so entry costs have been reliable.
Does Cumberland, ME make sense for an investment property?
Investors tracking Cumberland, ME will find a 3.0/5 rating supported by $999K median home values and $2,304/mo rents. That profile suits long-term holders targeting reliable returns.
Do rentals sit vacant long in Cumberland, ME?
Vacancy in Cumberland, ME is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $2,304/mo.
How viable is house hacking in Cumberland, ME?
House hacking in Cumberland, ME is reasonable to execute. Prices around $999K and rents of $2,304/mo solid owner-occupant economics.
What kind of tenants rent in Cumberland, ME?
The tenant pool in Cumberland, ME is solid, supported by local employment and population fundamentals. Rents of $2,304/mo are well-absorbed by the market.
You know 04110 now. You don’t know where it ranks.
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How 04110 ranks in Portland-South Portland, ME
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