Real Estate Investing in Lexington, Maine (04961)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 04961 (Lexington, ME)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 62.6% 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 Lexington, ME (04961)?
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Market Analysis: 04961 Lexington
Looking more closely, ZIP 04961 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $217K median. It rewards specialists, not generalists.
The 04961 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
On the rental side, 04961 offers a low basis, the region around Lexington has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Meanwhile, 795 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 04961 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 Lexington:
Property Strategy for 04961
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $207,396 | $1,460 | 5.1% | — | $103,698 |
| 3BR | $251,619 | $1,940 | 5.6% | — | $83,873 |
Market Trends
Home Value History (with trend line)
📊 How Does 04961 Compare?
| Metric | 04961 | Lexington | Maine |
|---|---|---|---|
| Home Value | $217,092 | $217,092 | $401,109 |
| 5-Year CAGR | 7.5% | 7.5% | 8.6% |
| Avg Rent | $1,314 | $1,314 | - |
| Cap Rate | 4.7% | 4.7% | - |
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 04961 (Lexington, ME). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $217,092 |
| Monthly Rent | $1,314 |
| Price-to-Rent | 13.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.3% |
| Cap Rate | 4.7% |
| 5-Year IRR | 12.3% |
📈 Home Appreciation
| 1-Year | +3.9% ▲ |
| 3-Year CAGR | +4.3% ▲ |
| 5-Year CAGR | +7.5% ▲ |
| 10-Year CAGR | +10.5% ▲ |
🏠 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 (4.7%). 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 04961
Population: 795
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
What is the typical vacancy rate in Lexington, ME?
Occupancy in Lexington, ME runs predictable with elevated vacancy. Well-priced units at $1,314/mo lease on reasonable timelines.
What is the typical home price in Lexington, ME?
In Lexington, ME the median home value sits at $217K. Against the broader ME market, that reads as reasonable for most investors.
What are rental rates like in Lexington, ME?
Average rent in Lexington, ME is approximately $1,314/mo per month. Against $217K home values that yields a reasonable rent-to-price ratio.
Are landlord laws favorable in Lexington, ME?
Lexington, ME operates under ME law, which is landlord-friendly overall for landlords. Expect measured treatment in typical lease and eviction cases.
Should investors consider Lexington, ME?
The 3.0/5 investability rating in Lexington, ME reflects its $217K prices and $1,314/mo rents. Investors generally consider it a solid option within ME.
You know 04961 now. You don’t know where it ranks.
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