Real Estate Investing in Monmouth, Maine (04259)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 04259 (Monmouth, 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: 20.7% 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 Monmouth, ME (04259)?
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Market Analysis: 04259 Monmouth
The 04259 ZIP covers a section of Monmouth that demands careful diligence. Prices near $368K look accessible, but the work to make a deal cash flow is real.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $368K asset, 04259 is the wrong submarket. If the plan prices in friction, the yield can still work.
Statewide comparisons place 04259 among ME's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Resident income in 04259 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
New investors are better served looking at Monmouth's stable or hybrid ZIPs before stepping into 04259. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Monmouth:
Property Strategy for 04259
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $342,099 | $1,510 | 3.2% | +10.2% | $171,049 |
| 3BR | $369,861 | $1,940 | 3.8% | +9.8% | $123,287 |
| 4BR | $418,045 | $2,300 | 4.0% | +9.8% | $104,511 |
Market Trends
Home Value History (with trend line)
📊 How Does 04259 Compare?
| Metric | 04259 | Monmouth | Augusta-Waterville, ME | Maine |
|---|---|---|---|---|
| Home Value | $367,833 | $342,396 | N/A | $401,109 |
| 5-Year CAGR | 5.8% | 5.6% | N/A | 8.6% |
| Avg Rent | $1,359 | $1,467 | N/A | - |
| Cap Rate | 2.9% | 3.4% | - | - |
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 04259 (Monmouth, ME). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $367,833 |
| Monthly Rent | $1,359 |
| Price-to-Rent | 22.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.4% |
| Cap Rate | 2.9% |
| 5-Year IRR | 8.6% |
📈 Home Appreciation
| 1-Year | +3.3% ▲ |
| 3-Year CAGR | +3.1% ▲ |
| 5-Year CAGR | +5.8% ▲ |
| 10-Year CAGR | +8.0% ▲ |
🏠 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 (2.9%). 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 04259
Population: 3,493
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 04259
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 3,576 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Does Monmouth, ME favor landlords or tenants?
For rental operators, Monmouth, ME rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
Is vacancy a concern in Monmouth, ME?
Monmouth, ME vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
What price range are homes in Monmouth, ME?
In Monmouth, ME the median home value sits at $368K. Against the broader ME market, that reads as reasonable for most investors.
Does house hacking make sense in Monmouth, ME?
The a challenging house-hack environment in Monmouth, ME reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
How strong is the working-renter base in Monmouth, ME?
Tenant quality in Monmouth, ME ranks as solid. Landlords generally report stable occupancy at market rents of $1,359/mo.
You know 04259 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 04259 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 04259 ranks in Augusta-Waterville, ME
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Community Ratings
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