Real Estate Investing in Durham, Maine (04222)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 04222 (Durham, 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.
No major risk flags on the data we track.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Durham, ME (04222)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 04222 Durham
ZIP 04222 in Durham, ME carries a significant set of headwinds. Home values near $461K and rents of $1,728/mo sit inside a market where underwriting has to be tight.
The 04222 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
The gap between 04222 and stronger Durham ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Employment concentration in 04222 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Distressed ZIPs reward experience. significant returns are possible in 04222, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Durham:
Property Strategy for 04222
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $359,050 | $1,920 | 3.9% | +8.5% | $179,525 |
| 3BR | $456,120 | $2,480 | 3.9% | +9.1% | $152,040 |
| 4BR | $522,803 | $2,790 | 3.8% | +9.4% | $130,701 |
Market Trends
Home Value History (with trend line)
📊 How Does 04222 Compare?
| Metric | 04222 | Durham | Lewiston-Auburn, ME | Maine |
|---|---|---|---|---|
| Home Value | $460,872 | $460,872 | N/A | $401,109 |
| 5-Year CAGR | 6.5% | 6.5% | N/A | 8.6% |
| Avg Rent | $1,728 | $1,728 | N/A | - |
| Cap Rate | 2.9% | 2.9% | - | - |
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 04222 (Durham, ME). Anonymous, moderated, never written by AI.
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Property managers serving Androscoggin County
Manage rentals here? List your business →Central Maine Property Management, Inc. provides professional service to tenants and property owners across Maine since 2002. summary from their website
Great Falls Property Management provides property management services. summary from their website
H&S Reny Property Management, Inc. is a full-service real estate management company serving Lewiston, Auburn, and surrounding communities. 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 | $460,872 |
| Monthly Rent | $1,728 |
| Price-to-Rent | 22.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.5% |
| Cap Rate | 2.9% |
| 5-Year IRR | 9.4% |
📈 Home Appreciation
| 1-Year | +3.4% ▲ |
| 3-Year CAGR | +4.5% ▲ |
| 5-Year CAGR | +6.5% ▲ |
| 10-Year CAGR | +8.1% ▲ |
🏠 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 (2.9%). 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 04222
Population: 4,203
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 04222
Schools in This ZIP Code
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 1,549 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What strategy should investors use in Durham, ME?
A careful cash-flow rentals with hands-on management strategy Durham, ME best. The market produces stable results for that approach at the $461K price point.
What is the rental occupancy rate in Durham, ME?
Durham, ME vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
Is Durham, ME landlord-friendly?
ME law landlord-friendly for landlords, and Durham inherits those rules. Investors should still review local ordinances for rental licensing.
Is the tenant base reliable in Durham, ME?
The renter base in Durham, ME is reasonable for the $1,728/mo price point. Screening well and pricing to market typically yields stable tenants.
What monthly rent should investors expect in Durham, ME?
Average rent in Durham, ME is approximately $1,728/mo per month. Against $461K home values that yields a reasonable rent-to-price ratio.
You know 04222 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 04222 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 04222 ranks in Lewiston-Auburn, ME
Every ZIP in this metro, ranked. Free.
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