Real Estate Investing in Corinna, Maine (04928)
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Should you buy in 04928 (Corinna, ME)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 15.3% 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 Corinna, ME (04928)?
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Market Analysis: 04928 Corinna
This part of Penobscot County is not an easy win. The 04928 ZIP comes in at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Distressed markets are won on execution, not on spreadsheets. ZIP 04928 registers the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
The gap between 04928 and stronger Corinna ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
On the rental side, 2,079 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.
The right play in 04928 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Corinna:
Market Trends
Home Value History (with trend line)
📊 How Does 04928 Compare?
| Metric | 04928 | Corinna | Bangor, ME | Maine |
|---|---|---|---|---|
| Home Value | $195,957 | $195,957 | N/A | $401,109 |
| 5-Year CAGR | 7.3% | 7.3% | N/A | 8.6% |
| Avg Rent | $1,413 | $1,413 | N/A | - |
| Cap Rate | 5.6% | 5.6% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 04928 (Corinna, ME). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $195,957 |
| Monthly Rent | $1,413 |
| Price-to-Rent | 11.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.7% |
| Cap Rate | 5.6% |
| 5-Year IRR | 12.9% |
📈 Home Appreciation
| 1-Year | +16.4% ▲ |
| 3-Year CAGR | +5.2% ▲ |
| 5-Year CAGR | +7.3% ▲ |
| 10-Year CAGR | +8.8% ▲ |
🏠 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 (5.6%). 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 04928
Population: 2,079
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
Is Corinna, ME suited for a house hack?
The a challenging house-hack environment in Corinna, ME reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
Are tenants stable in Corinna, ME?
Working renters make up the core of the Corinna, ME tenant base. The pool is reasonable for investors targeting long-term holds.
Is Corinna, ME landlord-friendly?
ME ranks as a landlord-friendly state for landlord-tenant law. Corinna generally follows the statewide framework, so landlords face reasonable operating rules.
Does Corinna, ME make sense for an investment property?
The 3.0/5 investability rating in Corinna, ME reflects its $196K prices and $1,413/mo rents. Investors generally consider it a solid option within ME.
What is the best play in Corinna, ME?
For Corinna, ME, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
You know 04928 now. You don’t know where it ranks.
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How 04928 ranks in Bangor, ME
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