Real Estate Investing in Ellsworth, Maine (04605)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 04605 (Ellsworth, 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.
- High vacancy: 29.3% of homes vacant — above national norms.
What’s happening in Ellsworth, ME (04605)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 04605 Ellsworth
ZIP 04605 in Ellsworth, ME carries a sturdy set of headwinds. Home values near $363K and rents of $1,895/mo sit inside a market where underwriting has to be tight.
The 04605 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Statewide comparisons place 04605 among ME's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
On the rental side, 14,695 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.
Strategically, 04605 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 Ellsworth:
Property Strategy for 04605
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $230,064 | $1,190 | 3.7% | +7.6% | $230,064 |
| 2BR | $306,201 | $1,450 | 3.4% | +9.1% | $153,101 |
| 3BR | $366,869 | $1,980 | 3.9% | +9.2% | $122,290 |
| 4BR | $424,574 | $1,980 | 3.4% | +9.7% | $106,143 |
| 5BR | $531,724 | — | — | +9.1% | $106,345 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 04605 Compare?
| Metric | 04605 | Ellsworth | Maine |
|---|---|---|---|
| Home Value | $362,955 | $362,955 | $401,109 |
| 5-Year CAGR | 6.5% | 6.5% | 8.6% |
| Avg Rent | $1,895 | $1,895 | - |
| Cap Rate | 4.1% | 4.1% | - |
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 04605 (Ellsworth, ME). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $362,955 |
| Monthly Rent | $1,895 |
| Price-to-Rent | 16.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.3% |
| Cap Rate | 4.1% |
| 5-Year IRR | 10.6% |
📈 Home Appreciation
| 1-Year | +7.2% ▲ |
| 3-Year CAGR | +3.9% ▲ |
| 5-Year CAGR | +6.5% ▲ |
| 10-Year CAGR | +7.7% ▲ |
🏠 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 (4.1%). 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 04605
Population: 14,695
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 04605
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 is the average home sale price in Ellsworth, ME?
Typical homes in Ellsworth, ME go for around $363K. The 5-year CAGR of 0.0% measured price movement.
How does Ellsworth, ME rate as a rental market?
Ellsworth, ME scores 3.0/5 for investability. Home values sit at $363K and rents near $1,895/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
How strong is the working-renter base in Ellsworth, ME?
Tenant demand in Ellsworth, ME is solid. The local workforce $1,895/mo rents across most rental classes.
What investment strategy works best in Ellsworth, ME?
In Ellsworth, ME the impressive play is typically careful cash-flow rentals with hands-on management. The combination of $363K prices and $1,895/mo rents suits that approach.
Is Ellsworth, ME good for landlords?
Ellsworth, ME falls under ME landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
You know 04605 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 04605 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.
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