Real Estate Investing in Portage, Maine (04768)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 04768 (Portage, 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: 60.0% of homes vacant — above national norms.
- 1-year downturn: Values declined 3.2% in the last year.
• 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 Portage, ME (04768)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 04768 Portage
Investors eyeing 04768 need to respect the fundamentals at play. Home values of $198K come alongside slower price movement and elevated management overhead.
The investment case in 04768 is impressive only for operators who understand what they are buying. A $198K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Statewide comparisons place 04768 among ME's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Employment concentration in 04768 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
New investors are better served looking at Portage's stable or hybrid ZIPs before stepping into 04768. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Portage:
Market Trends
Home Value History (with trend line)
📊 How Does 04768 Compare?
| Metric | 04768 | Portage | Maine |
|---|---|---|---|
| Home Value | $198,384 | $198,384 | $401,109 |
| 5-Year CAGR | N/A | N/A | 8.6% |
| Avg Rent | $1,440 | $1,440 | - |
| Cap Rate | 5.7% | 5.7% | - |
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 04768 (Portage, ME). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 04768 (Portage, ME)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $198,384 |
| Monthly Rent | $1,440 |
| Price-to-Rent | 11.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.7% |
| Cap Rate | 5.7% |
| 5-Year IRR | 2.4% |
📈 Home Appreciation
| 1-Year | -3.2% ▼ |
| 3-Year CAGR | N/A |
| 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 (5.7%). 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 04768
Population: 376
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
Frequently Asked Questions
Does a duplex house hack pencil in Portage, ME?
For house hackers, Portage, ME is a challenging. The $1,440/mo rent on a unit helps defray the mortgage on a $198K property.
How strong is tenant demand in Portage, ME?
Portage, ME draws a even-keeled base of working renters. Demand at the $1,440/mo rent level is reasonable for standard single-family and small multi rentals.
Is Portage, ME a friendly market for rental owners?
For rental operators, Portage, ME rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
How strong are rents in Portage, ME?
Investors in Portage, ME typically see rents near $1,440/mo per month against $198K home values - a solid setup for rental cash flow.
How strong is Portage, ME for real estate investors?
Portage, ME scores 2.0/5 for investability. Home values sit at $198K and rents near $1,440/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
You know 04768 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 04768 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.
AI Market Advisor
Ask questions about investing in 04768 (Portage)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 04768 (Portage, ME).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.