Real Estate Investing in Farmingdale, Maine (04344)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 04344 (Farmingdale, 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.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Farmingdale, ME (04344)?
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Market Analysis: 04344 Farmingdale
Not every below-median market is a bargain. Farmingdale's 04344 ZIP sits at signals that favor experienced operators who can absorb the risk $327K pricing implies.
The investment case in 04344 is resilient only for operators who understand what they are buying. A $327K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Within ME, ZIP 04344 trails on several market indicators that neighboring Kennebec County submarkets outperform. The gap is real and resilient enough to shape underwriting.
From an investor standpoint, 3,001 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
The right play in 04344 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 Farmingdale:
Market Trends
Home Value History (with trend line)
📊 How Does 04344 Compare?
| Metric | 04344 | Farmingdale | Augusta-Waterville, ME | Maine |
|---|---|---|---|---|
| Home Value | $327,287 | $327,287 | N/A | $401,109 |
| 5-Year CAGR | 6.9% | 6.9% | N/A | 8.6% |
| Avg Rent | $1,098 | $1,098 | N/A | - |
| Cap Rate | 2.6% | 2.6% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 04344 (Farmingdale, ME). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $327,287 |
| Monthly Rent | $1,098 |
| Price-to-Rent | 24.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.0% |
| Cap Rate | 2.6% |
| 5-Year IRR | 9.5% |
📈 Home Appreciation
| 1-Year | +0.8% ▲ |
| 3-Year CAGR | +3.9% ▲ |
| 5-Year CAGR | +6.9% ▲ |
| 10-Year CAGR | +9.2% ▲ |
🏠 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 (2.6%). 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 04344
Population: 3,001
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 04344
Schools in This ZIP Code
Nearby Schools (1 more)
Schools in adjacent ZIP codes that may serve this area
Hall-Dale Elementary Sch
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
How expensive is real estate in Farmingdale, ME?
Homes in Farmingdale, ME typically sell near $327K. Prices have moved at a 0.0% 5-year CAGR, which even-keeled long-term demand.
Which investment style suits Farmingdale, ME?
In Farmingdale, ME the significant play is typically careful cash-flow rentals with hands-on management. The combination of $327K prices and $1,098/mo rents suits that approach.
Are tenants stable in Farmingdale, ME?
The tenant pool in Farmingdale, ME is solid, supported by local employment and population fundamentals. Rents of $1,098/mo are well-absorbed by the market.
Can owner-occupants cash flow in Farmingdale, ME?
House hacking in Farmingdale, ME is a challenging. With home values around $327K and rents at $1,098/mo, owner-occupants can offset a meaningful share of PITI.
Are landlord laws favorable in Farmingdale, ME?
Farmingdale, ME falls under ME landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
You know 04344 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 04344 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.
How 04344 ranks in Augusta-Waterville, ME
Every ZIP in this metro, ranked. Free.
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