Real Estate Investing in West Paris, Maine (04289)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 04289 (West Paris, 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: 22.8% 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 West Paris, ME (04289)?
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Market Analysis: 04289 West Paris
ZIP 04289 in West Paris, ME carries a durable set of headwinds. Home values near $276K and rents of $1,098/mo sit inside a market where underwriting has to be tight.
On balance, the numbers look inviting — $276K purchase price, 0.0% nominal cap — the work to hit that pro forma in 04289 is substantial and deserves full respect.
The gap between 04289 and stronger West Paris ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Demographically, 04289 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Distressed ZIPs reward experience. notable returns are possible in 04289, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in West Paris:
Market Trends
Home Value History (with trend line)
📊 How Does 04289 Compare?
| Metric | 04289 | West Paris | Maine |
|---|---|---|---|
| Home Value | $275,944 | $275,944 | $401,109 |
| 5-Year CAGR | 5.3% | 5.3% | 8.6% |
| Avg Rent | $1,098 | $1,098 | - |
| Cap Rate | 3.1% | 3.1% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 04289 (West Paris, ME). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $275,944 |
| Monthly Rent | $1,098 |
| Price-to-Rent | 20.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.8% |
| Cap Rate | 3.1% |
| 5-Year IRR | 8.4% |
📈 Home Appreciation
| 1-Year | +7.6% ▲ |
| 3-Year CAGR | +3.8% ▲ |
| 5-Year CAGR | +5.3% ▲ |
| 10-Year CAGR | +9.3% ▲ |
🏠 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 (3.1%). 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 04289
Population: 1,901
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 04289
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
Which investment style suits West Paris, ME?
Investors usually favor careful cash-flow rentals with hands-on management in West Paris, ME. With home values at $276K and rents near $1,098/mo, other strategies can work but produce predictable rather than outsized returns.
Is West Paris, ME a friendly market for rental owners?
For rental operators, West Paris, ME rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
How much rent can I charge in West Paris, ME?
Rents in West Paris, ME run near $1,098/mo. Compared with median home prices of $276K that produces solid gross yields for typical rentals.
Is the tenant base reliable in West Paris, ME?
The renter base in West Paris, ME is reasonable for the $1,098/mo price point. Screening well and pricing to market typically yields predictable tenants.
How tight is the rental market in West Paris, ME?
Vacancy risk in West Paris, ME is elevated. That supports steady cash flow for typical rental holds.
You know 04289 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 04289 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.
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