Real Estate Investing in Harrington, Maine (04643)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 04643 (Harrington, ME)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 45.6% of homes vacant — above national norms.
• 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 Harrington, ME (04643)?
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Market Analysis: 04643 Harrington
Investors eyeing 04643 need to respect the fundamentals at play. Home values of $227K come alongside slower price movement and elevated management overhead.
Rent of $1,485/mo on a $227K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 04643 sits below the stated 0.0% once reality is priced in.
Statewide comparisons place 04643 among ME's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
The 04643 ZIP's population of 864 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that reports the need for careful underwriting.
The right play in 04643 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Harrington:
Market Trends
Home Value History (with trend line)
📊 How Does 04643 Compare?
| Metric | 04643 | Harrington | Maine |
|---|---|---|---|
| Home Value | $227,140 | $252,307 | $401,109 |
| 5-Year CAGR | 4.9% | 6.0% | 8.6% |
| Avg Rent | $1,485 | $1,292 | - |
| Cap Rate | 5.1% | 4.1% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 04643 (Harrington, ME). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $227,140 |
| Monthly Rent | $1,485 |
| Price-to-Rent | 12.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.9% |
| Cap Rate | 5.1% |
| 5-Year IRR | 10.0% |
📈 Home Appreciation
| 1-Year | +4.7% ▲ |
| 3-Year CAGR | +3.5% ▲ |
| 5-Year CAGR | +4.9% ▲ |
| 10-Year CAGR | +6.9% ▲ |
🏠 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 (5.1%). 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 04643
Population: 864
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 04643
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
Is Harrington, ME landlord-friendly?
ME law landlord-friendly for landlords, and Harrington inherits those rules. Investors should still review local ordinances for rental licensing.
How strong is Harrington, ME for real estate investors?
Harrington, ME rates 3.0/5 for investability. With median values at $227K and rents near $1,485/mo, the market offers reasonable fundamentals for rental investors.
What kind of tenants rent in Harrington, ME?
Harrington, ME offers a consistent renter base at the $1,485/mo rent level. Tenant turnover is reasonable for well-managed properties.
How strong are rents in Harrington, ME?
Investors in Harrington, ME typically see rents near $1,485/mo per month against $227K home values - a solid setup for rental cash flow.
Is Harrington, ME a good market for FHA house hackers?
Harrington, ME offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $1,485/mo rent level.
You know 04643 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 04643 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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