Real Estate Investing in Randolph, Maine (04346)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 04346 (Randolph, 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.
- Elevated vacancy: 11.6% vacancy may signal weakening demand.
- Elevated poverty: 21.3% poverty rate — can affect rent collection.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Randolph, ME (04346)?
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Market Analysis: 04346 Randolph
Investors eyeing 04346 need to respect the fundamentals at play. Home values of $287K come alongside slower price movement and elevated management overhead.
Distressed markets are won on execution, not on spreadsheets. ZIP 04346 records the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Nearby ZIPs in Randolph have seen price recovery that 04346 has not matched. Kennebec County data supports the view that the spread is structural rather than temporary.
The 04346 ZIP's population of 1,479 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that stands at the need for careful underwriting.
New investors are better served looking at Randolph's stable or hybrid ZIPs before stepping into 04346. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Randolph:
Market Trends
Home Value History (with trend line)
📊 How Does 04346 Compare?
| Metric | 04346 | Randolph | Augusta-Waterville, ME | Maine |
|---|---|---|---|---|
| Home Value | $287,113 | $287,113 | N/A | $401,109 |
| 5-Year CAGR | 7.5% | 7.5% | N/A | 8.6% |
| Avg Rent | $1,350 | $1,350 | N/A | - |
| Cap Rate | 3.7% | 3.7% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 04346 (Randolph, ME). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $287,113 |
| Monthly Rent | $1,350 |
| Price-to-Rent | 17.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.6% |
| Cap Rate | 3.7% |
| 5-Year IRR | 11.2% |
📈 Home Appreciation
| 1-Year | +6.0% ▲ |
| 3-Year CAGR | +4.9% ▲ |
| 5-Year CAGR | +7.5% ▲ |
| 10-Year CAGR | +8.7% ▲ |
🏠 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 04346
Population: 1,479
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
🎓 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 strict are landlord regulations in Randolph, ME?
Rental owners in Randolph, ME deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
What monthly rent should investors expect in Randolph, ME?
Average rent in Randolph, ME is approximately $1,350/mo per month. Against $287K home values that yields a reasonable rent-to-price ratio.
Is the tenant base reliable in Randolph, ME?
The renter base in Randolph, ME is reasonable for the $1,350/mo price point. Screening well and pricing to market typically yields stable tenants.
Is Randolph, ME a smart market for rental property?
With a 3.0/5 investability score, Randolph, ME ranks as a solid market for rental property investors. Median prices of $287K and rents of $1,350/mo drive the underlying numbers.
What type of investing works in Randolph, ME?
Investors usually favor careful cash-flow rentals with hands-on management in Randolph, ME. With home values at $287K and rents near $1,350/mo, other strategies can work but produce predictable rather than outsized returns.
You know 04346 now. You don’t know where it ranks.
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How 04346 ranks in Augusta-Waterville, ME
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