Real Estate Investing in Southport, Maine (04576)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 04576 (Southport, ME)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 68.8% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 60.0 — hard to cash-flow at these prices.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Southport, ME (04576)?
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Market Analysis: 04576 Southport
The 04576 ZIP in Southport, ME is a local-operator market. Outside capital chasing a $908K entry has to pair deep knowledge with the discount.
For an experienced owner, 04576 can be a worth a close look for hunting ground — but the discount at $908K reflects genuine risk that outside investors often underestimate.
Nearby ZIPs in Southport have seen price recovery that 04576 has not matched. Lincoln County data supports the view that the spread is structural rather than temporary.
Employment concentration in 04576 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The 04576 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Southport:
Market Trends
Home Value History (with trend line)
📊 How Does 04576 Compare?
| Metric | 04576 | Southport | Maine |
|---|---|---|---|
| Home Value | $907,676 | $907,676 | $401,109 |
| 5-Year CAGR | 6.0% | 6.0% | 8.6% |
| Avg Rent | $1,260 | $1,260 | - |
| Cap Rate | 1.1% | 1.1% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 04576 (Southport, ME). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $907,676 |
| Monthly Rent | $1,260 |
| Price-to-Rent | 60.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 1.7% |
| Cap Rate | 1.1% |
| 5-Year IRR | 7.1% |
📈 Home Appreciation
| 1-Year | +6.5% ▲ |
| 3-Year CAGR | +6.2% ▲ |
| 5-Year CAGR | +6.0% ▲ |
| 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 (1.1%). 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 04576
Population: 521
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 04576
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
Which investment style suits Southport, ME?
Investors usually favor careful cash-flow rentals with hands-on management in Southport, ME. With home values at $908K and rents near $1,260/mo, other strategies can work but produce consistent rather than outsized returns.
How strict are landlord regulations in Southport, ME?
Rental owners in Southport, ME deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
Is it easy to find good tenants in Southport, ME?
The renter base in Southport, ME is reasonable for the $1,260/mo price point. Screening well and pricing to market typically yields consistent tenants.
What does house hacking look like in Southport, ME?
For house hackers, Southport, ME is a challenging. The $1,260/mo rent on a unit helps defray the mortgage on a $908K property.
Where do home prices stand in Southport, ME?
Southport, ME median home values land near $908K. That is reasonable territory for investors looking at $1,260/mo-per-month rentals.
You know 04576 now. You don’t know where it ranks.
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