Real Estate Investing in Orrington, Maine (04474)
Should you buy in 04474 (Orrington, ME)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in Orrington, ME (04474)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 04474 Orrington
ZIP 04474 in Orrington, ME carries a impressive set of headwinds. Home values near $340K and rents of $1,602/mo sit inside a market where underwriting has to be tight.
The investment case in 04474 is impressive only for operators who understand what they are buying. A $340K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Nearby ZIPs in Orrington have seen price recovery that 04474 has not matched. Penobscot County data supports the view that the spread is structural rather than temporary.
Who lives in 04474 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 04474, 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 Orrington:
Market Trends
Home Value History (with trend line)
📊 How Does 04474 Compare?
| Metric | 04474 | Orrington | Bangor, ME | Maine |
|---|---|---|---|---|
| Home Value | $340,288 | $340,288 | N/A | $401,109 |
| 5-Year CAGR | 7.7% | 7.7% | N/A | 8.6% |
| Avg Rent | $1,602 | $1,602 | N/A | - |
| Cap Rate | 3.7% | 3.7% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 04474 (Orrington, ME). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $340,288 |
| Monthly Rent | $1,602 |
| Price-to-Rent | 17.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.7% |
| Cap Rate | 3.7% |
| 5-Year IRR | 11.4% |
📈 Home Appreciation
| 1-Year | +4.7% ▲ |
| 3-Year CAGR | +5.9% ▲ |
| 5-Year CAGR | +7.7% ▲ |
| 10-Year CAGR | +7.9% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.5%) exceeds the estimated cap rate (3.7%). 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 04474
Population: 3,837
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 04474
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 1,240 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What kind of vacancy should I budget for in Orrington, ME?
Occupancy in Orrington, ME runs steady with elevated vacancy. Well-priced units at $1,602/mo lease on reasonable timelines.
What type of investing works in Orrington, ME?
A careful cash-flow rentals with hands-on management strategy Orrington, ME best. The market produces reliable results for that approach at the $340K price point.
How deep is the rental pool in Orrington, ME?
Expect a solid tenant pool in Orrington, ME. The rental market absorbs $1,602/mo rents without meaningful friction.
Is house hacking profitable in Orrington, ME?
House hacking in Orrington, ME is reasonable to execute. Prices around $340K and rents of $1,602/mo solid owner-occupant economics.
Are homes affordable in Orrington, ME?
Orrington, ME home values average about $340K. That price point suits investors targeting rentals with $1,602/mo in monthly income.
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