Real Estate Investing in Wellington, Maine (04942)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 04942 (Wellington, 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: 51.4% 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 Wellington, ME (04942)?
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Market Analysis: 04942 Wellington
Not every below-median market is a bargain. Wellington's 04942 ZIP records signals that favor experienced operators who can absorb the risk $197K pricing implies.
On balance, the numbers look inviting — $197K purchase price, 0.0% nominal cap — the work to hit that pro forma in 04942 is substantial and deserves full respect.
The gap between 04942 and stronger Wellington ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
The 04942 ZIP's population of 1,154 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that clocks in at the need for careful underwriting.
The 04942 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 Wellington:
Market Trends
Home Value History (with trend line)
📊 How Does 04942 Compare?
| Metric | 04942 | Wellington | Maine |
|---|---|---|---|
| Home Value | $196,968 | $196,968 | $401,109 |
| 5-Year CAGR | 7.5% | 7.5% | 8.6% |
| Avg Rent | $1,161 | $1,161 | - |
| Cap Rate | 4.6% | 4.6% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 04942 (Wellington, ME). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $196,968 |
| Monthly Rent | $1,161 |
| Price-to-Rent | 14.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.1% |
| Cap Rate | 4.6% |
| 5-Year IRR | 12.1% |
📈 Home Appreciation
| 1-Year | +21.1% ▲ |
| 3-Year CAGR | +7.7% ▲ |
| 5-Year CAGR | +7.5% ▲ |
| 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 (4.6%). 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 04942
Population: 1,154
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 04942
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 type of investing works in Wellington, ME?
A careful cash-flow rentals with hands-on management strategy Wellington, ME best. The market produces even-keeled results for that approach at the $197K price point.
What is the typical home price in Wellington, ME?
Homes in Wellington, ME typically sell near $197K. Prices have moved at a 0.0% 5-year CAGR, which stable long-term demand.
Should investors consider Wellington, ME?
With a 3.0/5 investability score, Wellington, ME ranks as a solid market for rental property investors. Median prices of $197K and rents of $1,161/mo drive the underlying numbers.
Is it easy to find good tenants in Wellington, ME?
The renter base in Wellington, ME is reasonable for the $1,161/mo price point. Screening well and pricing to market typically yields stable tenants.
What is the typical rental rate in Wellington, ME?
The typical rental in Wellington, ME commands about $1,161/mo monthly. That rent profile predictable cash flow against the $197K purchase basis.
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