Real Estate Investing in Norway, Maine (04268)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 04268 (Norway, 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: 26.6% of homes vacant — above national norms.
- Elevated poverty: 20.0% poverty rate — can affect rent collection.
- High price-to-rent: Price-to-rent ratio 29.0 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Norway, ME (04268)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 04268 Norway
The 04268 ZIP covers a section of Norway that demands careful diligence. Prices near $342K 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 $342K asset, 04268 is the wrong submarket. If the plan prices in friction, the yield can still work.
ZIP 04268'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.
Who lives in 04268 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
The 04268 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 Norway:
Property Strategy for 04268
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $291,612 | $1,090 | 2.7% | +10.4% | $145,806 |
| 3BR | $349,991 | $1,520 | 3.1% | +10.0% | $116,664 |
| 4BR | $393,463 | $1,830 | 3.3% | +9.3% | $98,366 |
Market Trends
Home Value History (with trend line)
📊 How Does 04268 Compare?
| Metric | 04268 | Norway | Maine |
|---|---|---|---|
| Home Value | $341,741 | $341,741 | $401,109 |
| 5-Year CAGR | 5.8% | 5.8% | 8.6% |
| Avg Rent | $981 | $981 | - |
| Cap Rate | 2.2% | 2.2% | - |
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 04268 (Norway, ME). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 04268 (Norway, ME)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $341,741 |
| Monthly Rent | $981 |
| Price-to-Rent | 29.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.4% |
| Cap Rate | 2.2% |
| 5-Year IRR | 8.0% |
📈 Home Appreciation
| 1-Year | +5.9% ▲ |
| 3-Year CAGR | +4.2% ▲ |
| 5-Year CAGR | +5.8% ▲ |
| 10-Year CAGR | +8.7% ▲ |
🏠 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 (2.2%). 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 04268
Population: 5,168
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 04268
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.
Frequently Asked Questions
What is the investability score for Norway, ME?
Our data puts Norway, ME at 3.0/5 for investability. Home prices of $342K and rents around $981/mo create a solid backdrop for investor activity.
What type of investing works in Norway, ME?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Norway, ME. The numbers - $342K homes against $981/mo rents - support that play.
What are vacancy rates like in Norway, ME?
Norway, ME vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
Is ME a landlord-friendly state?
Rental owners in Norway, ME deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
How deep is the rental pool in Norway, ME?
The renter base in Norway, ME is reasonable for the $981/mo price point. Screening well and pricing to market typically yields consistent tenants.
You know 04268 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 04268 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.
AI Market Advisor
Ask questions about investing in 04268 (Norway)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 04268 (Norway, ME).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.