Real Estate Investing in Augusta, Maine (04330)
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Should you buy in 04330 (Augusta, ME)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in Augusta, ME (04330)?
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Market Analysis: 04330 Augusta
The 04330 ZIP covers a section of Augusta that demands careful diligence. Prices near $298K look accessible, but the work to make a deal cash flow is real.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 04330 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
The gap between 04330 and stronger Augusta ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Employment concentration in 04330 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
seems to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Augusta:
Property Strategy for 04330
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $198,163 | $1,060 | 3.9% | +10.0% | $198,163 |
| 2BR | $244,628 | $1,380 | 4.1% | +11.4% | $122,314 |
| 3BR | $293,567 | $1,770 | 4.3% | +10.5% | $97,856 |
| 4BR | $325,678 | $2,100 | 4.6% | +10.6% | $81,419 |
| 5BR | $365,143 | — | — | +10.7% | $73,029 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 04330 Compare?
| Metric | 04330 | Augusta | Augusta-Waterville, ME | Maine |
|---|---|---|---|---|
| Home Value | $297,785 | $297,785 | N/A | $401,109 |
| 5-Year CAGR | 6.9% | 6.9% | N/A | 8.6% |
| Avg Rent | $1,602 | $1,602 | N/A | - |
| Cap Rate | 4.2% | 4.2% | - | - |
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 04330 (Augusta, ME). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $297,785 |
| Monthly Rent | $1,602 |
| Price-to-Rent | 15.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.5% |
| Cap Rate | 4.2% |
| 5-Year IRR | 11.1% |
📈 Home Appreciation
| 1-Year | +3.7% ▲ |
| 3-Year CAGR | +4.0% ▲ |
| 5-Year CAGR | +6.9% ▲ |
| 10-Year CAGR | +8.7% ▲ |
🏠 Rent Trends
| 1-Year | +6.3% ▲ |
| 3-Year CAGR | +6.4% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.2%). 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 04330
Population: 26,517
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 04330
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 2,027 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Does house hacking make sense in Augusta, ME?
House hacking works a challenging in Augusta, ME. Rents of $1,602/mo against $298K acquisition make the strategy solid for owner-occupants.
What is the tenant pool like in Augusta, ME?
The tenant pool in Augusta, ME is solid, supported by local employment and population fundamentals. Rents of $1,602/mo are well-absorbed by the market.
What is the typical home price in Augusta, ME?
Homes in Augusta, ME typically sell near $298K. Prices have moved at a 0.0% 5-year CAGR, which stable long-term demand.
Should investors consider Augusta, ME?
The 3.0/5 investability rating in Augusta, ME reflects its $298K prices and $1,602/mo rents. Investors generally consider it a solid option within ME.
Does Augusta, ME favor landlords or tenants?
Augusta, ME operates under ME law, which is landlord-friendly overall for landlords. Expect reliable treatment in typical lease and eviction cases.
You know 04330 now. You don’t know where it ranks.
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How 04330 ranks in Augusta-Waterville, ME
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