Real Estate Investing in Bingham, Maine (04920)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 04920 (Bingham, 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: 31.9% 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 Bingham, ME (04920)?
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Market Analysis: 04920 Bingham
Not every below-median market is a bargain. Bingham's 04920 ZIP comes in at signals that favor experienced operators who can absorb the risk $179K pricing implies.
Rent of $981/mo on a $179K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 04920 sits below the stated 0.0% once reality is priced in.
In the broader ME picture, 04920 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Resident income in 04920 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
The 04920 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Bingham:
Market Trends
Home Value History (with trend line)
📊 How Does 04920 Compare?
| Metric | 04920 | Bingham | Maine |
|---|---|---|---|
| Home Value | $178,718 | $178,718 | $401,109 |
| 5-Year CAGR | 7.1% | 7.1% | 8.6% |
| Avg Rent | $981 | $981 | - |
| Cap Rate | 4.3% | 4.3% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 04920 (Bingham, ME). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $178,718 |
| Monthly Rent | $981 |
| Price-to-Rent | 15.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.6% |
| Cap Rate | 4.3% |
| 5-Year IRR | 11.3% |
📈 Home Appreciation
| 1-Year | +3.2% ▲ |
| 3-Year CAGR | +3.3% ▲ |
| 5-Year CAGR | +7.1% ▲ |
| 10-Year CAGR | +9.2% ▲ |
🏠 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 (4.3%). 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 04920
Population: 1,775
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 04920
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
What is the median home value in Bingham, ME?
Typical homes in Bingham, ME go for around $179K. The 5-year CAGR of 0.0% measured price movement.
What kind of market is Bingham, ME for investors?
Our data puts Bingham, ME at 3.0/5 for investability. Home prices of $179K and rents around $981/mo create a solid backdrop for investor activity.
How strict are landlord regulations in Bingham, ME?
Bingham, ME operates under ME law, which is landlord-friendly overall for landlords. Expect reliable treatment in typical lease and eviction cases.
What does house hacking look like in Bingham, ME?
For house hackers, Bingham, ME is a challenging. The $981/mo rent on a unit helps defray the mortgage on a $179K property.
Is it easy to find good tenants in Bingham, ME?
The renter base in Bingham, ME is reasonable for the $981/mo price point. Screening well and pricing to market typically yields consistent tenants.
You know 04920 now. You don’t know where it ranks.
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