Real Estate Investing in Enfield, Maine (04493)
Should you buy in 04493 (Enfield, 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: 36.1% of homes vacant — above national norms.
What’s happening in Enfield, ME (04493)?
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Market Analysis: 04493 Enfield
The 04493 ZIP covers a section of Enfield that demands careful diligence. Prices near $236K look accessible, but the work to make a deal cash flow is real.
The investment case in 04493 is solid only for operators who understand what they are buying. A $236K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
In the broader ME picture, 04493 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 04493 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. durable returns are possible in 04493, 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 Enfield:
Market Trends
Home Value History (with trend line)
📊 How Does 04493 Compare?
| Metric | 04493 | Enfield | Bangor, ME | Maine |
|---|---|---|---|---|
| Home Value | $236,235 | $236,235 | N/A | $401,109 |
| 5-Year CAGR | 9.8% | 9.8% | N/A | 8.6% |
| Avg Rent | $1,044 | $1,044 | N/A | - |
| Cap Rate | 3.5% | 3.5% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 04493 (Enfield, ME). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $236,235 |
| Monthly Rent | $1,044 |
| Price-to-Rent | 18.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.3% |
| Cap Rate | 3.5% |
| 5-Year IRR | 13.3% |
📈 Home Appreciation
| 1-Year | +10.9% ▲ |
| 3-Year CAGR | +7.8% ▲ |
| 5-Year CAGR | +9.8% ▲ |
| 10-Year CAGR | +9.0% ▲ |
🏠 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 (3.5%). 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 04493
Population: 1,790
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 04493
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.
Frequently Asked Questions
What is the smart move for investors in Enfield, ME?
In Enfield, ME the healthy play is typically careful cash-flow rentals with hands-on management. The combination of $236K prices and $1,044/mo rents suits that approach.
Is Enfield, ME a good market for buy-and-hold investors?
Our data puts Enfield, ME at 3.0/5 for investability. Home prices of $236K and rents around $1,044/mo create a solid backdrop for investor activity.
How deep is the rental pool in Enfield, ME?
The tenant pool in Enfield, ME is solid, supported by local employment and population fundamentals. Rents of $1,044/mo are well-absorbed by the market.
What are vacancy rates like in Enfield, ME?
Vacancy in Enfield, ME is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,044/mo.
Are eviction rules reasonable in Enfield, ME?
For rental operators, Enfield, ME rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
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