Real Estate Investing in Whitefield, Maine (04353)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 04353 (Whitefield, 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.
- High vacancy: 15.4% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 25.0 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Whitefield, ME (04353)?
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Market Analysis: 04353 Whitefield
The 04353 ZIP covers a section of Whitefield that demands careful diligence. Prices near $338K look accessible, but the work to make a deal cash flow is real.
Stepping back, the numbers look inviting — $338K purchase price, 0.0% nominal cap — the work to hit that pro forma in 04353 is substantial and deserves full respect.
ZIP 04353's metrics run below Lincoln County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
The 04353 ZIP's population of 2,343 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that posts the need for careful underwriting.
New investors are better served looking at Whitefield's stable or hybrid ZIPs before stepping into 04353. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Whitefield:
Market Trends
Home Value History (with trend line)
📊 How Does 04353 Compare?
| Metric | 04353 | Whitefield | Maine |
|---|---|---|---|
| Home Value | $337,716 | $337,716 | $401,109 |
| 5-Year CAGR | 6.4% | 6.4% | 8.6% |
| Avg Rent | $1,125 | $1,125 | - |
| 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 04353 (Whitefield, ME). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $337,716 |
| Monthly Rent | $1,125 |
| Price-to-Rent | 25.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.0% |
| Cap Rate | 2.6% |
| 5-Year IRR | 9.0% |
📈 Home Appreciation
| 1-Year | +11.9% ▲ |
| 3-Year CAGR | +6.2% ▲ |
| 5-Year CAGR | +6.4% ▲ |
| 10-Year CAGR | +8.0% ▲ |
🏠 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 (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 04353
Population: 2,343
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 04353
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
Can I live-in-and-rent in Whitefield, ME?
Whitefield, ME offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $1,125/mo rent level.
How strong is tenant demand in Whitefield, ME?
Expect a solid tenant pool in Whitefield, ME. The rental market absorbs $1,125/mo rents without meaningful friction.
Is rental property easy to operate in Whitefield, ME?
ME law landlord-friendly for landlords, and Whitefield inherits those rules. Investors should still review local ordinances for rental licensing.
What do landlords charge for rent in Whitefield, ME?
The typical rental in Whitefield, ME commands about $1,125/mo monthly. That rent profile steady cash flow against the $338K purchase basis.
How quickly do rentals get leased in Whitefield, ME?
Whitefield, ME sees elevated vacancy, which is reasonable relative to the broader ME rental market.
You know 04353 now. You don’t know where it ranks.
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