Real Estate Investing in Burnham, Maine (04922)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 04922 (Burnham, ME)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 29.3% 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 Burnham, ME (04922)?
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Market Analysis: 04922 Burnham
Looking more closely, ZIP 04922 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $271K median. It rewards specialists, not generalists.
On the rental side, the numbers look inviting — $271K purchase price, 0.0% nominal cap — the work to hit that pro forma in 04922 is substantial and deserves full respect.
Statewide comparisons place 04922 among ME's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
On the rental side, 969 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Experienced landlords with local relationships tend to find 04922 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Burnham:
Market Trends
Home Value History (with trend line)
📊 How Does 04922 Compare?
| Metric | 04922 | Burnham | Maine |
|---|---|---|---|
| Home Value | $271,351 | $271,351 | $401,109 |
| 5-Year CAGR | 5.4% | 5.4% | 8.6% |
| Avg Rent | $1,269 | $1,269 | - |
| Cap Rate | 3.7% | 3.7% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 04922 (Burnham, ME). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $271,351 |
| Monthly Rent | $1,269 |
| Price-to-Rent | 17.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.6% |
| Cap Rate | 3.7% |
| 5-Year IRR | 9.0% |
📈 Home Appreciation
| 1-Year | +3.6% ▲ |
| 3-Year CAGR | +3.5% ▲ |
| 5-Year CAGR | +5.4% ▲ |
| 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 (3.7%). 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 04922
Population: 969
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
🎓 Nearby Colleges & Universities
Investor Insight: With 747 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is vacancy a concern in Burnham, ME?
Rental vacancy in Burnham, ME is elevated. Investors should budget normal turnover but not chronic empty units.
Are homes affordable in Burnham, ME?
Burnham, ME median home values land near $271K. That is reasonable territory for investors looking at $1,269/mo-per-month rentals.
Does Burnham, ME make sense for an investment property?
The 3.0/5 investability rating in Burnham, ME reflects its $271K prices and $1,269/mo rents. Investors generally consider it a solid option within ME.
What type of investing works in Burnham, ME?
Investors usually favor careful cash-flow rentals with hands-on management in Burnham, ME. With home values at $271K and rents near $1,269/mo, other strategies can work but produce steady rather than outsized returns.
Where do rents currently stand in Burnham, ME?
The typical rental in Burnham, ME commands about $1,269/mo monthly. That rent profile reliable cash flow against the $271K purchase basis.
You know 04922 now. You don’t know where it ranks.
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