Real Estate Investing in Boothbay, Maine (04537)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 04537 (Boothbay, ME)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 36.9% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 36.4 — 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 Boothbay, ME (04537)?
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Market Analysis: 04537 Boothbay
The 04537 ZIP covers a section of Boothbay that demands careful diligence. Prices near $522K look accessible, but the work to make a deal cash flow is real.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $522K asset, 04537 is the wrong submarket. If the plan prices in friction, the yield can still work.
The gap between 04537 and stronger Boothbay ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Looking more closely, 1,687 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.
New investors are better served looking at Boothbay's stable or hybrid ZIPs before stepping into 04537. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Boothbay:
Property Strategy for 04537
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $318,147 | $1,210 | 2.7% | +8.0% | $318,147 |
| 2BR | $423,519 | $1,330 | 2.3% | +8.6% | $211,760 |
| 3BR | $532,230 | $1,830 | 2.5% | +9.4% | $177,410 |
| 4BR | $729,418 | $1,840 | 1.8% | +9.8% | $182,355 |
Market Trends
Home Value History (with trend line)
📊 How Does 04537 Compare?
| Metric | 04537 | Boothbay | Maine |
|---|---|---|---|
| Home Value | $522,339 | $617,170 | $401,109 |
| 5-Year CAGR | 4.6% | 4.7% | 8.6% |
| Avg Rent | $1,197 | $1,274 | - |
| Cap Rate | 1.8% | 1.6% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 04537 (Boothbay, ME). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $522,339 |
| Monthly Rent | $1,197 |
| Price-to-Rent | 36.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.8% |
| Cap Rate | 1.8% |
| 5-Year IRR | 6.4% |
📈 Home Appreciation
| 1-Year | +2.8% ▲ |
| 3-Year CAGR | +1.0% ▲ |
| 5-Year CAGR | +4.6% ▲ |
| 10-Year CAGR | +7.1% ▲ |
🏠 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 (1.8%). 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 04537
Population: 1,687
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
Frequently Asked Questions
Are homes affordable in Boothbay, ME?
Expect median prices around $522K in Boothbay, ME. The market has run at a 0.0% 5-year CAGR, so entry costs have been even-keeled.
Where do rents currently stand in Boothbay, ME?
Expect rents around $1,197/mo per month in Boothbay, ME. With home values at $522K, the yield math works out to reasonable levels for rental investors.
What investment strategy works best in Boothbay, ME?
Investors usually favor careful cash-flow rentals with hands-on management in Boothbay, ME. With home values at $522K and rents near $1,197/mo, other strategies can work but produce steady rather than outsized returns.
How landlord-friendly is Boothbay, ME?
ME ranks as a landlord-friendly state for landlord-tenant law. Boothbay generally follows the statewide framework, so landlords face reasonable operating rules.
Are tenants stable in Boothbay, ME?
The tenant pool in Boothbay, ME is solid, supported by local employment and population fundamentals. Rents of $1,197/mo are well-absorbed by the market.
You know 04537 now. You don’t know where it ranks.
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