Real Estate Investing in Plymouth, Maine (04969)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 04969 (Plymouth, ME)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 18.2% 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 Plymouth, ME (04969)?
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Market Analysis: 04969 Plymouth
This part of Penobscot County is not an easy win. The 04969 ZIP sits at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
The investment case in 04969 is healthy only for operators who understand what they are buying. A $258K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Nearby ZIPs in Plymouth have seen price recovery that 04969 has not matched. Penobscot County data supports the view that the spread is structural rather than temporary.
Who lives in 04969 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
New investors are better served looking at Plymouth's stable or hybrid ZIPs before stepping into 04969. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Plymouth:
Market Trends
Home Value History (with trend line)
📊 How Does 04969 Compare?
| Metric | 04969 | Plymouth | Bangor, ME | Maine |
|---|---|---|---|---|
| Home Value | $258,277 | $258,277 | N/A | $401,109 |
| 5-Year CAGR | 5.8% | 5.8% | N/A | 8.6% |
| Avg Rent | $1,278 | $1,278 | N/A | - |
| Cap Rate | 3.9% | 3.9% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 04969 (Plymouth, ME). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $258,277 |
| Monthly Rent | $1,278 |
| Price-to-Rent | 16.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.9% |
| Cap Rate | 3.9% |
| 5-Year IRR | 9.7% |
📈 Home Appreciation
| 1-Year | +7.8% ▲ |
| 3-Year CAGR | +4.1% ▲ |
| 5-Year CAGR | +5.8% ▲ |
| 10-Year CAGR | +7.3% ▲ |
🏠 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 04969
Population: 1,319
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 renter demographic in Plymouth, ME?
Plymouth, ME offers a steady renter base at the $1,278/mo rent level. Tenant turnover is reasonable for well-managed properties.
Are landlord laws favorable in Plymouth, ME?
Plymouth, ME operates under ME law, which is landlord-friendly overall for landlords. Expect even-keeled treatment in typical lease and eviction cases.
Which real estate strategy fits Plymouth, ME?
The best-fit strategy in Plymouth, ME is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
What does house hacking look like in Plymouth, ME?
The a challenging house-hack environment in Plymouth, ME reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
Are homes affordable in Plymouth, ME?
Plymouth, ME home values average about $258K. That price point suits investors targeting rentals with $1,278/mo in monthly income.
You know 04969 now. You don’t know where it ranks.
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How 04969 ranks in Bangor, ME
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