Real Estate Investing in Harrington, Maine (04658)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 04658 (Harrington, ME)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 39.7% 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 Harrington, ME (04658)?
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Market Analysis: 04658 Harrington
The 04658 ZIP covers a section of Harrington that demands careful diligence. Prices near $277K look accessible, but the work to make a deal cash flow is real.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $277K asset, 04658 is the wrong submarket. If the plan prices in friction, the yield can still work.
Nearby ZIPs in Harrington have seen price recovery that 04658 has not matched. Washington County data supports the view that the spread is structural rather than temporary.
Resident income in 04658 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Distressed ZIPs reward experience. solid returns are possible in 04658, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Harrington:
Market Trends
Home Value History (with trend line)
📊 How Does 04658 Compare?
| Metric | 04658 | Harrington | Maine |
|---|---|---|---|
| Home Value | $277,473 | $252,307 | $401,109 |
| 5-Year CAGR | 7.1% | 6.0% | 8.6% |
| Avg Rent | $1,098 | $1,292 | - |
| Cap Rate | 3.1% | 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 04658 (Harrington, ME). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $277,473 |
| Monthly Rent | $1,098 |
| Price-to-Rent | 21.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.8% |
| Cap Rate | 3.1% |
| 5-Year IRR | 10.2% |
📈 Home Appreciation
| 1-Year | +9.7% ▲ |
| 3-Year CAGR | +6.0% ▲ |
| 5-Year CAGR | +7.1% ▲ |
| 10-Year CAGR | +8.6% ▲ |
🏠 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 (3.1%). 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 04658
Population: 1,261
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 04658
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 a good place for real estate investing?
Harrington, ME reflects an investability rating of 3.0/5, with median home values near $277K and average rents around $1,098/mo. That combination puts it in the impressive tier for investor interest.
What approach is best for Harrington, ME real estate?
The best-fit strategy in Harrington, ME is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
Is Harrington, ME a good market for FHA house hackers?
Harrington, ME is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $277K price point reasonable to enter.
How much does a house cost in Harrington, ME?
In Harrington, ME the median home value sits at $277K. Against the broader ME market, that reads as reasonable for most investors.
What kind of vacancy should I budget for in Harrington, ME?
Harrington, ME vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
You know 04658 now. You don’t know where it ranks.
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