Real Estate Investing in Canton, Maine (04221)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 04221 (Canton, ME)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 19.8% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Canton, ME (04221)?
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Market Analysis: 04221 Canton
Investors eyeing 04221 need to respect the fundamentals at play. Home values of $223K come alongside slower price movement and elevated management overhead.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $223K asset, 04221 is the wrong submarket. If the plan prices in friction, the yield can still work.
ZIP 04221's metrics run below Oxford County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
The demographic picture in 04221 includes headwinds that any investor should price in. Income distribution skews lower than Canton averages, and tenant stability requires active management.
New investors are better served looking at Canton's stable or hybrid ZIPs before stepping into 04221. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Canton:
Market Trends
Home Value History (with trend line)
📊 How Does 04221 Compare?
| Metric | 04221 | Canton | Maine |
|---|---|---|---|
| Home Value | $223,239 | $223,239 | $401,109 |
| 5-Year CAGR | 5.8% | 5.8% | 8.6% |
| Avg Rent | $1,071 | $1,071 | - |
| Cap Rate | 3.7% | 3.7% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 04221 (Canton, ME). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $223,239 |
| Monthly Rent | $1,071 |
| Price-to-Rent | 17.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.8% |
| Cap Rate | 3.7% |
| 5-Year IRR | 9.5% |
📈 Home Appreciation
| 1-Year | +5.6% ▲ |
| 3-Year CAGR | +5.4% ▲ |
| 5-Year CAGR | +5.8% ▲ |
| 10-Year CAGR | +9.0% ▲ |
🏠 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 (3.7%). 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 04221
Population: 1,072
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
Frequently Asked Questions
What is the investability score for Canton, ME?
Yes - Canton, ME a 3.0/5 investability score. With $223K home prices against $1,071/mo monthly rent, the market delivers a reasonable entry point for new investors.
Do rentals sit vacant long in Canton, ME?
Rental vacancy in Canton, ME is elevated. Investors should budget normal turnover but not chronic empty units.
How do experienced investors play Canton, ME?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Canton, ME. The numbers - $223K homes against $1,071/mo rents - support that play.
Is Canton, ME good for house hacking?
House hacking in Canton, ME is a challenging. With home values around $223K and rents at $1,071/mo, owner-occupants can offset a meaningful share of PITI.
What is the average monthly rent in Canton, ME?
Expect rents around $1,071/mo per month in Canton, ME. With home values at $223K, the yield math works out to reasonable levels for rental investors.
You know 04221 now. You don’t know where it ranks.
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