Real Estate Investing in Norridgewock, Maine (04957)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 04957 (Norridgewock, 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: 16.9% 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 Norridgewock, ME (04957)?
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Market Analysis: 04957 Norridgewock
On balance, ZIP 04957 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $255K median. It rewards specialists, not generalists.
Rent of $1,269/mo on a $255K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 04957 sits below the stated 0.0% once reality is priced in.
Statewide comparisons place 04957 among ME's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Who lives in 04957 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
looks to 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 Norridgewock:
Market Trends
Home Value History (with trend line)
📊 How Does 04957 Compare?
| Metric | 04957 | Norridgewock | Maine |
|---|---|---|---|
| Home Value | $255,255 | $255,255 | $401,109 |
| 5-Year CAGR | 5.7% | 5.7% | 8.6% |
| Avg Rent | $1,269 | $1,269 | - |
| Cap Rate | 3.9% | 3.9% | - |
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 04957 (Norridgewock, ME). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $255,255 |
| Monthly Rent | $1,269 |
| Price-to-Rent | 16.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.0% |
| Cap Rate | 3.9% |
| 5-Year IRR | 9.6% |
📈 Home Appreciation
| 1-Year | +4.0% ▲ |
| 3-Year CAGR | +3.7% ▲ |
| 5-Year CAGR | +5.7% ▲ |
| 10-Year CAGR | +7.6% ▲ |
🏠 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 (3.9%). 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 04957
Population: 4,090
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 04957
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
Investor Insight: With 776 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How expensive is real estate in Norridgewock, ME?
The median home value in Norridgewock, ME is roughly $255K. That puts it reasonable relative to the ME statewide average.
How high is vacancy risk in Norridgewock, ME?
Norridgewock, ME carries elevated vacancy risk. Expect even-keeled absorption at market rents of $1,269/mo.
Is Norridgewock, ME a good market for buy-and-hold investors?
Our data puts Norridgewock, ME at 3.0/5 for investability. Home prices of $255K and rents around $1,269/mo create a solid backdrop for investor activity.
Are eviction rules reasonable in Norridgewock, ME?
For rental operators, Norridgewock, ME rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
How strong is tenant demand in Norridgewock, ME?
Norridgewock, ME draws a steady base of working renters. Demand at the $1,269/mo rent level is reasonable for standard single-family and small multi rentals.
You know 04957 now. You don’t know where it ranks.
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