Real Estate Investing in Washington, Maine (04574)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 04574 (Washington, 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: 13.6% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Washington, ME (04574)?
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Market Analysis: 04574 Washington
Investors eyeing 04574 need to respect the fundamentals at play. Home values of $355K come alongside slower price movement and elevated management overhead.
Distressed markets are won on execution, not on spreadsheets. ZIP 04574 shows the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Regionally, 04574 sits on the difficult end of the ME spectrum. The a viable market for read — for disciplined operators — is that pricing reflects the difficulty.
Resident income in 04574 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Strategically, 04574 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Washington:
Market Trends
Home Value History (with trend line)
📊 How Does 04574 Compare?
| Metric | 04574 | Washington | Maine |
|---|---|---|---|
| Home Value | $355,179 | $355,179 | $401,109 |
| 5-Year CAGR | 5.2% | 5.2% | 8.6% |
| Avg Rent | $1,440 | $1,440 | - |
| Cap Rate | 3.2% | 3.2% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 04574 (Washington, ME). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $355,179 |
| Monthly Rent | $1,440 |
| Price-to-Rent | 20.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.9% |
| Cap Rate | 3.2% |
| 5-Year IRR | 8.3% |
📈 Home Appreciation
| 1-Year | +5.4% ▲ |
| 3-Year CAGR | +2.5% ▲ |
| 5-Year CAGR | +5.2% ▲ |
| 10-Year CAGR | N/A |
🏠 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 (3.2%). 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 04574
Population: 1,618
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 04574
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.
Frequently Asked Questions
What kind of market is Washington, ME for investors?
Washington, ME rates 3.0/5 for investability. With median values at $355K and rents near $1,440/mo, the market offers reasonable fundamentals for rental investors.
How much rent can I charge in Washington, ME?
Rental rates in Washington, ME average $1,440/mo. Tenant demand and $355K home values make the yield look reasonable by investor standards.
Is Washington, ME suited for a house hack?
House hacking works a challenging in Washington, ME. Rents of $1,440/mo against $355K acquisition make the strategy solid for owner-occupants.
Is Washington, ME better for rentals, flips, or BRRRR?
The best-fit strategy in Washington, ME is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
What is the typical home price in Washington, ME?
The median home value in Washington, ME is roughly $355K. That puts it reasonable relative to the ME statewide average.
You know 04574 now. You don’t know where it ranks.
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