Real Estate Investing in Warren, Maine (04864)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 04864 (Warren, 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: 13.5% 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 Warren, ME (04864)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 04864 Warren
Not every below-median market is a bargain. Warren's 04864 ZIP posts signals that favor experienced operators who can absorb the risk $350K pricing implies.
The 04864 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
ZIP 04864's metrics run below Knox County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Employment concentration in 04864 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
trends toward the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Warren:
Property Strategy for 04864
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $327,057 | $1,440 | 3.2% | +12.4% | $163,529 |
| 3BR | $362,165 | $1,820 | 3.6% | — | $120,722 |
| 4BR | $400,810 | $1,970 | 3.5% | — | $100,202 |
Market Trends
Home Value History (with trend line)
📊 How Does 04864 Compare?
| Metric | 04864 | Warren | Maine |
|---|---|---|---|
| Home Value | $350,303 | $350,303 | $401,109 |
| 5-Year CAGR | 8.5% | 8.5% | 8.6% |
| Avg Rent | $1,296 | $1,296 | - |
| Cap Rate | 2.9% | 2.9% | - |
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 04864 (Warren, ME). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $350,303 |
| Monthly Rent | $1,296 |
| Price-to-Rent | 22.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.4% |
| Cap Rate | 2.9% |
| 5-Year IRR | 11.4% |
📈 Home Appreciation
| 1-Year | +2.1% ▲ |
| 3-Year CAGR | +5.7% ▲ |
| 5-Year CAGR | +8.5% ▲ |
| 10-Year CAGR | +9.0% ▲ |
🏠 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 (2.9%). 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 04864
Population: 4,893
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 04864
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.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
Is housing expensive in Warren, ME?
Typical homes in Warren, ME go for around $350K. The 5-year CAGR of 0.0% predictable price movement.
Is Warren, ME better for rentals, flips, or BRRRR?
The best-fit strategy in Warren, ME is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
Should investors worry about vacancy in Warren, ME?
Vacancy risk in Warren, ME is elevated. That supports even-keeled cash flow for typical rental holds.
Is Warren, ME a good market for FHA house hackers?
The house hack math a challenging in Warren, ME. Owner-occupant buyers benefit from the $1,296/mo rents and $350K home values.
Is rental property easy to operate in Warren, ME?
ME ranks as a landlord-friendly state for landlord-tenant law. Warren generally follows the statewide framework, so landlords face reasonable operating rules.
You know 04864 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 04864 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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Community Ratings
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