Real Estate Investing in Jonesboro, Maine (04648)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 04648 (Jonesboro, ME)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 31.8% 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 Jonesboro, ME (04648)?
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Market Analysis: 04648 Jonesboro
Investors eyeing 04648 need to respect the fundamentals at play. Home values of $196K come alongside slower price movement and elevated management overhead.
Looking more closely, the numbers look inviting — $196K purchase price, 0.0% nominal cap — the work to hit that pro forma in 04648 is substantial and deserves full respect.
Regionally, 04648 sits on the difficult end of the ME spectrum. The a viable market for read — for disciplined operators — is that pricing reflects the difficulty.
Employment concentration in 04648 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The right play in 04648 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 Jonesboro:
Market Trends
Home Value History (with trend line)
📊 How Does 04648 Compare?
| Metric | 04648 | Jonesboro | Maine |
|---|---|---|---|
| Home Value | $195,842 | $195,842 | $401,109 |
| 5-Year CAGR | N/A | N/A | 8.6% |
| Avg Rent | $1,404 | $1,404 | - |
| Cap Rate | 5.6% | 5.6% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 04648 (Jonesboro, ME). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $195,842 |
| Monthly Rent | $1,404 |
| Price-to-Rent | 11.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.6% |
| Cap Rate | 5.6% |
| 5-Year IRR | 7.1% |
📈 Home Appreciation
| 1-Year | +10.8% ▲ |
| 3-Year CAGR | +1.5% ▲ |
| 5-Year CAGR | N/A |
| 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 (5.6%). 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 04648
Population: 494
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 04648
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
Should investors consider Jonesboro, ME?
The 2.0/5 investability rating in Jonesboro, ME reflects its $196K prices and $1,404/mo rents. Investors generally consider it a solid option within ME.
Is Jonesboro, ME good for landlords?
Jonesboro, ME falls under ME landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
Are there empty rentals in Jonesboro, ME?
Jonesboro, ME sees elevated vacancy, which is reasonable relative to the broader ME rental market.
Can I house hack in Jonesboro, ME?
Jonesboro, ME is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $196K price point reasonable to enter.
How much is rent in Jonesboro, ME?
Jonesboro, ME rentals go for roughly $1,404/mo a month. That puts gross yield in solid territory relative to $196K acquisition costs.
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