Real Estate Investing in Richmond, Maine (04357)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 04357 (Richmond, 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: 9.6% vacancy may signal weakening demand.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Richmond, ME (04357)?
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Market Analysis: 04357 Richmond
This part of Sagadahoc County is not an easy win. The 04357 ZIP stands at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
The investment case in 04357 is robust only for operators who understand what they are buying. A $342K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
In the broader ME picture, 04357 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Demographically, 04357 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Distressed ZIPs reward experience. healthy returns are possible in 04357, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Richmond:
Property Strategy for 04357
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $299,102 | $1,520 | 3.7% | +9.0% | $149,551 |
| 3BR | $331,523 | $2,110 | 4.6% | +8.4% | $110,508 |
| 4BR | $368,564 | $2,550 | 5.0% | +7.9% | $92,141 |
Market Trends
Home Value History (with trend line)
📊 How Does 04357 Compare?
| Metric | 04357 | Richmond | Portland-South Portland, ME | Maine |
|---|---|---|---|---|
| Home Value | $341,681 | $341,681 | N/A | $401,109 |
| 5-Year CAGR | 5.8% | 5.8% | N/A | 8.6% |
| Avg Rent | $1,368 | $1,368 | N/A | - |
| Cap Rate | 3.1% | 3.1% | - | - |
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 04357 (Richmond, ME). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $341,681 |
| Monthly Rent | $1,368 |
| Price-to-Rent | 20.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.8% |
| Cap Rate | 3.1% |
| 5-Year IRR | 8.9% |
📈 Home Appreciation
| 1-Year | +6.3% ▲ |
| 3-Year CAGR | +3.8% ▲ |
| 5-Year CAGR | +5.8% ▲ |
| 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 (3.1%). 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 04357
Population: 3,555
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
Is Richmond in ME worth investing in?
Richmond, ME scores 3.0/5 for investability. Home values sit at $342K and rents near $1,368/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
How much should I expect to pay for a home in Richmond, ME?
Richmond, ME home values average about $342K. That price point suits investors targeting rentals with $1,368/mo in monthly income.
What investment strategy works best in Richmond, ME?
A careful cash-flow rentals with hands-on management strategy Richmond, ME best. The market produces stable results for that approach at the $342K price point.
What is the renter demographic in Richmond, ME?
Tenant demand in Richmond, ME is solid. The local workforce $1,368/mo rents across most rental classes.
How much do tenants pay in Richmond, ME?
Investors in Richmond, ME typically see rents near $1,368/mo per month against $342K home values - a solid setup for rental cash flow.
You know 04357 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 04357 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 04357 ranks in Portland-South Portland, ME
Every ZIP in this metro, ranked. Free.
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