Real Estate Investing in Greenwood, Maine (04255)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 04255 (Greenwood, 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: 61.7% of homes vacant — above national norms.
• 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 Greenwood, ME (04255)?
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Market Analysis: 04255 Greenwood
Meanwhile, ZIP 04255 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $315K median. It rewards specialists, not generalists.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 04255 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
ZIP 04255'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.
Resident income in 04255 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
The right play in 04255 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Greenwood:
Market Trends
Home Value History (with trend line)
📊 How Does 04255 Compare?
| Metric | 04255 | Greenwood | Maine |
|---|---|---|---|
| Home Value | $315,297 | $315,297 | $401,109 |
| 5-Year CAGR | 6.3% | 6.3% | 8.6% |
| Avg Rent | $1,530 | $1,530 | - |
| Cap Rate | 3.8% | 3.8% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 04255 (Greenwood, ME). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $315,297 |
| Monthly Rent | $1,530 |
| Price-to-Rent | 17.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.8% |
| Cap Rate | 3.8% |
| 5-Year IRR | 10.1% |
📈 Home Appreciation
| 1-Year | +1.6% ▲ |
| 3-Year CAGR | +3.3% ▲ |
| 5-Year CAGR | +6.3% ▲ |
| 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 (3.8%). 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 04255
Population: 676
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
How much do tenants pay in Greenwood, ME?
Greenwood, ME rentals go for roughly $1,530/mo a month. That puts gross yield in solid territory relative to $315K acquisition costs.
How deep is the rental pool in Greenwood, ME?
Tenant demand in Greenwood, ME is solid. The local workforce $1,530/mo rents across most rental classes.
How tight is the rental market in Greenwood, ME?
Rental vacancy in Greenwood, ME is elevated. Investors should budget normal turnover but not chronic empty units.
How landlord-friendly is Greenwood, ME?
Greenwood, ME operates under ME law, which is landlord-friendly overall for landlords. Expect stable treatment in typical lease and eviction cases.
Which real estate strategy fits Greenwood, ME?
A careful cash-flow rentals with hands-on management strategy Greenwood, ME best. The market produces steady results for that approach at the $315K price point.
You know 04255 now. You don’t know where it ranks.
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