Real Estate Investing in Gardiner, Maine (04345)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 04345 (Gardiner, 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: 10.4% vacancy may signal weakening demand.
What’s happening in Gardiner, ME (04345)?
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Market Analysis: 04345 Gardiner
The 04345 ZIP in Gardiner, ME is a local-operator market. Outside capital chasing a $322K entry has to pair deep knowledge with the discount.
Distressed markets are won on execution, not on spreadsheets. ZIP 04345 reflects the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
In the broader ME picture, 04345 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
A solid renter share of 23% in 04345 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
The 04345 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Gardiner:
Property Strategy for 04345
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $263,965 | $1,420 | 3.9% | +11.4% | $131,983 |
| 3BR | $316,722 | $1,820 | 4.1% | +10.9% | $105,574 |
| 4BR | $364,915 | $2,170 | 4.3% | +10.6% | $91,229 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 04345 Compare?
| Metric | 04345 | Gardiner | Augusta-Waterville, ME | Maine |
|---|---|---|---|---|
| Home Value | $321,721 | $321,721 | N/A | $401,109 |
| 5-Year CAGR | 6.5% | 6.5% | N/A | 8.6% |
| Avg Rent | $1,523 | $1,523 | N/A | - |
| Cap Rate | 3.7% | 3.7% | - | - |
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 04345 (Gardiner, ME). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $321,721 |
| Monthly Rent | $1,523 |
| Price-to-Rent | 17.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.7% |
| Cap Rate | 3.7% |
| 5-Year IRR | 10.2% |
📈 Home Appreciation
| 1-Year | +3.0% ▲ |
| 3-Year CAGR | +4.0% ▲ |
| 5-Year CAGR | +6.5% ▲ |
| 10-Year CAGR | +9.0% ▲ |
🏠 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 (3.7%). 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 04345
Population: 12,363
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 04345
Schools in This ZIP Code
Nearby Schools (1 more)
Schools in adjacent ZIP codes that may serve this area
River View Community School
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
Should investors consider Gardiner, ME?
With a 3.0/5 investability score, Gardiner, ME ranks as a solid market for rental property investors. Median prices of $322K and rents of $1,523/mo drive the underlying numbers.
What real estate strategy is ideal for Gardiner, ME?
For Gardiner, ME, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
What kind of tenants rent in Gardiner, ME?
Gardiner, ME offers a stable renter base at the $1,523/mo rent level. Tenant turnover is reasonable for well-managed properties.
Is Gardiner, ME a good market for FHA house hackers?
Gardiner, ME offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $1,523/mo rent level.
Do landlords face vacancy issues in Gardiner, ME?
Expect elevated vacancy in Gardiner, ME. Rents at $1,523/mo are absorbed by the tenant base without meaningful lag.
You know 04345 now. You don’t know where it ranks.
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How 04345 ranks in Augusta-Waterville, ME
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