Real Estate Investing in Newry, Maine (04261)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 04261 (Newry, ME)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 90.2% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 30.1 — hard to cash-flow at these prices.
- Lower household income: $36,250 median — tenant affordability is tighter.
• 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 Newry, ME (04261)?
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Market Analysis: 04261 Newry
The 04261 ZIP covers a section of Newry that demands careful diligence. Prices near $529K look accessible, but the work to make a deal cash flow is real.
The investment case in 04261 is notable only for operators who understand what they are buying. A $529K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
In the broader ME picture, 04261 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Who lives in 04261 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
The 04261 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 Newry:
Market Trends
Home Value History (with trend line)
📊 How Does 04261 Compare?
| Metric | 04261 | Newry | Maine |
|---|---|---|---|
| Home Value | $529,031 | $529,031 | $401,109 |
| 5-Year CAGR | 7.2% | 7.2% | 8.6% |
| Avg Rent | $1,467 | $1,467 | - |
| Cap Rate | 2.2% | 2.2% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 04261 (Newry, ME). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $529,031 |
| Monthly Rent | $1,467 |
| Price-to-Rent | 30.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.3% |
| Cap Rate | 2.2% |
| 5-Year IRR | 9.3% |
📈 Home Appreciation
| 1-Year | +2.0% ▲ |
| 3-Year CAGR | +3.5% ▲ |
| 5-Year CAGR | +7.2% ▲ |
| 10-Year CAGR | +10.0% ▲ |
🏠 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 04261
Population: 300
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
Frequently Asked Questions
How expensive is real estate in Newry, ME?
Newry, ME home values average about $529K. That price point suits investors targeting rentals with $1,467/mo in monthly income.
Is Newry, ME a good place for real estate investing?
Our data puts Newry, ME at 3.0/5 for investability. Home prices of $529K and rents around $1,467/mo create a solid backdrop for investor activity.
How deep is the rental pool in Newry, ME?
Tenant demand in Newry, ME is solid. The local workforce $1,467/mo rents across most rental classes.
Is Newry, ME suited for a house hack?
House hacking in Newry, ME is a challenging. With home values around $529K and rents at $1,467/mo, owner-occupants can offset a meaningful share of PITI.
Should investors worry about vacancy in Newry, ME?
Occupancy in Newry, ME runs stable with elevated vacancy. Well-priced units at $1,467/mo lease on reasonable timelines.
You know 04261 now. You don’t know where it ranks.
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