Real Estate Investing in Phillips, Maine (04966)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 04966 (Phillips, 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: 40.6% 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 Phillips, ME (04966)?
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Market Analysis: 04966 Phillips
This part of Franklin County is not an easy win. The 04966 ZIP stands at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
The 04966 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Stepping back, 04966 offers a low basis, the region around Phillips has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Resident income in 04966 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 04966 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 Phillips:
Market Trends
Home Value History (with trend line)
📊 How Does 04966 Compare?
| Metric | 04966 | Phillips | Maine |
|---|---|---|---|
| Home Value | $226,649 | $226,649 | $401,109 |
| 5-Year CAGR | 4.1% | 4.1% | 8.6% |
| Avg Rent | $1,053 | $1,053 | - |
| Cap Rate | 3.6% | 3.6% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 04966 (Phillips, ME). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $226,649 |
| Monthly Rent | $1,053 |
| Price-to-Rent | 17.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.6% |
| Cap Rate | 3.6% |
| 5-Year IRR | 7.7% |
📈 Home Appreciation
| 1-Year | +12.2% ▲ |
| 3-Year CAGR | +2.3% ▲ |
| 5-Year CAGR | +4.1% ▲ |
| 10-Year CAGR | +6.9% ▲ |
🏠 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 (3.6%). 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 04966
Population: 1,681
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 04966
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 kind of market is Phillips, ME for investors?
Our data puts Phillips, ME at 3.0/5 for investability. Home prices of $227K and rents around $1,053/mo create a solid backdrop for investor activity.
What is the average home sale price in Phillips, ME?
Typical homes in Phillips, ME go for around $227K. The 5-year CAGR of 0.0% stable price movement.
What real estate strategy is ideal for Phillips, ME?
For Phillips, ME, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
Is Phillips, ME a friendly market for rental owners?
For rental operators, Phillips, ME rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
Are there empty rentals in Phillips, ME?
Vacancy in Phillips, ME is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,053/mo.
You know 04966 now. You don’t know where it ranks.
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