Real Estate Investing in Turner, Maine (04282)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 04282 (Turner, 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: 8.8% 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 Turner, ME (04282)?
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Market Analysis: 04282 Turner
The 04282 ZIP in Turner, ME is a local-operator market. Outside capital chasing a $392K entry has to pair deep knowledge with the discount.
The 04282 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Within ME, ZIP 04282 trails on several market indicators that neighboring Androscoggin County submarkets outperform. The gap is real and solid enough to shape underwriting.
Resident income in 04282 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Strategy in 04282 is an operator game, not a passive one. On balance, entry prices of $392K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Turner:
Property Strategy for 04282
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $399,315 | $2,330 | 4.2% | +10.3% | $133,105 |
| 4BR | $472,389 | $2,620 | 4.0% | +10.6% | $118,097 |
Market Trends
Home Value History (with trend line)
📊 How Does 04282 Compare?
| Metric | 04282 | Turner | Lewiston-Auburn, ME | Maine |
|---|---|---|---|---|
| Home Value | $391,546 | $391,546 | N/A | $401,109 |
| 5-Year CAGR | 6.4% | 6.4% | N/A | 8.6% |
| Avg Rent | $1,620 | $1,620 | 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 04282 (Turner, 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 | $391,546 |
| Monthly Rent | $1,620 |
| Price-to-Rent | 20.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.0% |
| Cap Rate | 3.2% |
| 5-Year IRR | 9.6% |
📈 Home Appreciation
| 1-Year | +5.5% ▲ |
| 3-Year CAGR | +4.6% ▲ |
| 5-Year CAGR | +6.4% ▲ |
| 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 (3.2%). 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 04282
Population: 5,852
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 04282
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 kind of vacancy should I budget for in Turner, ME?
Turner, ME vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
What is the average home sale price in Turner, ME?
Typical homes in Turner, ME go for around $392K. The 5-year CAGR of 0.0% reliable price movement.
Is Turner, ME a good market for buy-and-hold investors?
Our data puts Turner, ME at 3.0/5 for investability. Home prices of $392K and rents around $1,620/mo create a solid backdrop for investor activity.
How should investors approach Turner, ME?
In Turner, ME the healthy play is typically careful cash-flow rentals with hands-on management. The combination of $392K prices and $1,620/mo rents suits that approach.
What monthly rent should investors expect in Turner, ME?
Average rent in Turner, ME is approximately $1,620/mo per month. Against $392K home values that yields a reasonable rent-to-price ratio.
You know 04282 now. You don’t know where it ranks.
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How 04282 ranks in Lewiston-Auburn, ME
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