Real Estate Investing in Palmyra, Maine (04965)
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Should you buy in 04965 (Palmyra, ME)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
Rare combination of both appreciation and cash flow. These markets don't last long — worth serious consideration.
No major risk flags on the data we track.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Palmyra, ME (04965)?
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Market Analysis: 04965 Palmyra
The 04965 ZIP covers a section of Palmyra that demands careful diligence. Prices near $248K look accessible, but the work to make a deal cash flow is real.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 04965 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
In the broader ME picture, 04965 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Who lives in 04965 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Distressed ZIPs reward experience. impressive returns are possible in 04965, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Palmyra:
Market Trends
Home Value History (with trend line)
📊 How Does 04965 Compare?
| Metric | 04965 | Palmyra | Maine |
|---|---|---|---|
| Home Value | $248,041 | $248,041 | $401,109 |
| 5-Year CAGR | 8.3% | 8.3% | 8.6% |
| Avg Rent | $1,350 | $1,350 | - |
| 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 04965 (Palmyra, ME). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $248,041 |
| Monthly Rent | $1,350 |
| Price-to-Rent | 15.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.5% |
| Cap Rate | 4.3% |
| 5-Year IRR | 12.6% |
📈 Home Appreciation
| 1-Year | +5.6% ▲ |
| 3-Year CAGR | +5.8% ▲ |
| 5-Year CAGR | +8.3% ▲ |
| 10-Year CAGR | +8.7% ▲ |
🏠 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 04965
Population: 2,150
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 monthly rent should investors expect in Palmyra, ME?
Rental rates in Palmyra, ME average $1,350/mo. Tenant demand and $248K home values make the yield look reasonable by investor standards.
Are tenants stable in Palmyra, ME?
Palmyra, ME draws a even-keeled base of working renters. Demand at the $1,350/mo rent level is reasonable for standard single-family and small multi rentals.
What is the average home sale price in Palmyra, ME?
Expect median prices around $248K in Palmyra, ME. The market has run at a 0.0% 5-year CAGR, so entry costs have been predictable.
How landlord-friendly is Palmyra, ME?
The landlord environment in Palmyra, ME is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
What kind of market is Palmyra, ME for investors?
Our data puts Palmyra, ME at 3.0/5 for investability. Home prices of $248K and rents around $1,350/mo create a solid backdrop for investor activity.
You know 04965 now. You don’t know where it ranks.
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