Real Estate Investing in Steuben, Maine (04680)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 04680 (Steuben, 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: 41.3% 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 Steuben, ME (04680)?
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Market Analysis: 04680 Steuben
ZIP 04680 in Steuben, ME carries a impressive set of headwinds. Home values near $291K and rents of $1,035/mo sit inside a market where underwriting has to be tight.
The investment case in 04680 is healthy only for operators who understand what they are buying. A $291K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Regionally, 04680 sits on the difficult end of the ME spectrum. The an appealing option for read — for disciplined operators — is that pricing reflects the difficulty.
Employment concentration in 04680 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Strategically, 04680 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 Steuben:
Property Strategy for 04680
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $265,771 | $1,150 | 3.1% | — | $132,886 |
| 3BR | $323,459 | $1,600 | 3.6% | — | $107,820 |
Market Trends
Home Value History (with trend line)
📊 How Does 04680 Compare?
| Metric | 04680 | Steuben | Maine |
|---|---|---|---|
| Home Value | $290,993 | $290,993 | $401,109 |
| 5-Year CAGR | 5.9% | 5.9% | 8.6% |
| Avg Rent | $1,035 | $1,035 | - |
| Cap Rate | 2.8% | 2.8% | - |
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 04680 (Steuben, ME). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $290,993 |
| Monthly Rent | $1,035 |
| Price-to-Rent | 23.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.3% |
| Cap Rate | 2.8% |
| 5-Year IRR | 8.7% |
📈 Home Appreciation
| 1-Year | +6.7% ▲ |
| 3-Year CAGR | +3.4% ▲ |
| 5-Year CAGR | +5.9% ▲ |
| 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 (2.8%). 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 04680
Population: 1,233
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 04680
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
Do rentals sit vacant long in Steuben, ME?
Rental vacancy in Steuben, ME is elevated. Investors should budget normal turnover but not chronic empty units.
Does Steuben, ME favor landlords or tenants?
Rental owners in Steuben, ME deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
How do home values compare in Steuben, ME?
In Steuben, ME the median home value sits at $291K. Against the broader ME market, that reads as reasonable for most investors.
Can owner-occupants cash flow in Steuben, ME?
Steuben, ME is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $291K price point reasonable to enter.
How deep is the rental pool in Steuben, ME?
The tenant pool in Steuben, ME is solid, supported by local employment and population fundamentals. Rents of $1,035/mo are well-absorbed by the market.
You know 04680 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 04680 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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