Real Estate Investing in Greene, Maine (04236)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 04236 (Greene, 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.
- Elevated vacancy: 9.6% vacancy may signal weakening demand.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Greene, ME (04236)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 04236 Greene
Not every below-median market is a bargain. Greene's 04236 ZIP clocks in at signals that favor experienced operators who can absorb the risk $355K pricing implies.
The 04236 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 04236 and stronger Greene ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
A impressive renter share of 10% in 04236 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
The 04236 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 Greene:
Property Strategy for 04236
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $287,684 | $1,640 | 4.1% | +8.9% | $143,842 |
| 3BR | $343,625 | $2,120 | 4.4% | +8.7% | $114,542 |
| 4BR | $386,620 | $2,380 | 4.4% | +8.9% | $96,655 |
Market Trends
Home Value History (with trend line)
📊 How Does 04236 Compare?
| Metric | 04236 | Greene | Lewiston-Auburn, ME | Maine |
|---|---|---|---|---|
| Home Value | $354,957 | $354,957 | N/A | $401,109 |
| 5-Year CAGR | 6.2% | 6.2% | N/A | 8.6% |
| Avg Rent | $1,476 | $1,476 | N/A | - |
| Cap Rate | 3.2% | 3.2% | - | - |
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 04236 (Greene, 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 | $354,957 |
| Monthly Rent | $1,476 |
| Price-to-Rent | 20.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.0% |
| Cap Rate | 3.2% |
| 5-Year IRR | 9.4% |
📈 Home Appreciation
| 1-Year | +6.1% ▲ |
| 3-Year CAGR | +4.3% ▲ |
| 5-Year CAGR | +6.2% ▲ |
| 10-Year CAGR | +8.2% ▲ |
🏠 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 (3.2%). 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 04236
Population: 4,390
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 04236
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
How strong is Greene, ME for real estate investors?
Greene, ME rates 3.0/5 for investability. With median values at $355K and rents near $1,476/mo, the market offers reasonable fundamentals for rental investors.
What strategy should investors use in Greene, ME?
A careful cash-flow rentals with hands-on management strategy Greene, ME best. The market produces reliable results for that approach at the $355K price point.
How much is rent in Greene, ME?
Greene, ME rentals go for roughly $1,476/mo a month. That puts gross yield in solid territory relative to $355K acquisition costs.
Is the tenant base reliable in Greene, ME?
Tenant demand in Greene, ME is solid. The local workforce $1,476/mo rents across most rental classes.
How much does a house cost in Greene, ME?
Homes in Greene, ME typically sell near $355K. Prices have moved at a 0.0% 5-year CAGR, which measured long-term demand.
You know 04236 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 04236 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 04236 ranks in Lewiston-Auburn, ME
Every ZIP in this metro, ranked. Free.
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