Real Estate Investing in Franklin, Maine (04634)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 04634 (Franklin, 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: 46.3% 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 Franklin, ME (04634)?
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Market Analysis: 04634 Franklin
The 04634 ZIP in Franklin, ME is a local-operator market. Outside capital chasing a $304K entry has to pair deep knowledge with the discount.
Rent of $1,386/mo on a $304K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 04634 sits below the stated 0.0% once reality is priced in.
From an investor standpoint, 04634 offers a low basis, the region around Franklin has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Who lives in 04634 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Experienced landlords with local relationships tend to find 04634 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Franklin:
Market Trends
Home Value History (with trend line)
📊 How Does 04634 Compare?
| Metric | 04634 | Franklin | Maine |
|---|---|---|---|
| Home Value | $303,501 | $303,501 | $401,109 |
| 5-Year CAGR | 4.3% | 4.3% | 8.6% |
| Avg Rent | $1,386 | $1,386 | - |
| Cap Rate | 3.6% | 3.6% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 04634 (Franklin, ME). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $303,501 |
| Monthly Rent | $1,386 |
| Price-to-Rent | 18.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.5% |
| Cap Rate | 3.6% |
| 5-Year IRR | 7.9% |
📈 Home Appreciation
| 1-Year | +3.2% ▲ |
| 3-Year CAGR | +2.7% ▲ |
| 5-Year CAGR | +4.3% ▲ |
| 10-Year CAGR | +5.9% ▲ |
🏠 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 (3.6%). 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 04634
Population: 2,218
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 04634
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 do landlords charge for rent in Franklin, ME?
The typical rental in Franklin, ME commands about $1,386/mo monthly. That rent profile stable cash flow against the $304K purchase basis.
What real estate strategy is ideal for Franklin, ME?
The best-fit strategy in Franklin, ME is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
Do landlords face vacancy issues in Franklin, ME?
Franklin, ME vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
How do landlord-tenant laws work in Franklin, ME?
The landlord environment in Franklin, ME is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
How does Franklin, ME stack up for property investment?
With a 3.0/5 investability score, Franklin, ME ranks as a solid market for rental property investors. Median prices of $304K and rents of $1,386/mo drive the underlying numbers.
You know 04634 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 04634 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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