Real Estate Investing in Friendship, Maine (04547)
Should you buy in 04547 (Friendship, 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: 37.9% of homes vacant — above national norms.
What’s happening in Friendship, ME (04547)?
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Market Analysis: 04547 Friendship
The 04547 ZIP in Friendship, ME is a local-operator market. Outside capital chasing a $384K entry has to pair deep knowledge with the discount.
Distressed markets are won on execution, not on spreadsheets. ZIP 04547 comes in at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Nearby ZIPs in Friendship have seen price recovery that 04547 has not matched. Knox County data supports the view that the spread is structural rather than temporary.
On balance, 1,276 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 04547 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 Friendship:
Property Strategy for 04547
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $337,519 | $1,790 | 3.8% | +8.0% | $168,760 |
| 3BR | $426,277 | $2,260 | 3.8% | +8.3% | $142,092 |
| 4BR | $488,483 | $2,450 | 3.6% | +9.9% | $122,121 |
Market Trends
Home Value History (with trend line)
📊 How Does 04547 Compare?
| Metric | 04547 | Friendship | Maine |
|---|---|---|---|
| Home Value | $384,024 | $384,024 | $401,109 |
| 5-Year CAGR | 5.5% | 5.5% | 8.6% |
| Avg Rent | $1,611 | $1,611 | - |
| Cap Rate | 3.3% | 3.3% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 04547 (Friendship, ME). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $384,024 |
| Monthly Rent | $1,611 |
| Price-to-Rent | 19.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.0% |
| Cap Rate | 3.3% |
| 5-Year IRR | 8.8% |
📈 Home Appreciation
| 1-Year | -3.0% ▼ |
| 3-Year CAGR | +0.4% ▲ |
| 5-Year CAGR | +5.5% ▲ |
| 10-Year CAGR | N/A |
🏠 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 (3.3%). 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 04547
Population: 1,276
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 04547
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
Does Friendship, ME make sense for an investment property?
Yes - Friendship, ME a 3.0/5 investability score. With $384K home prices against $1,611/mo monthly rent, the market delivers a reasonable entry point for new investors.
What is the typical renter like in Friendship, ME?
The renter base in Friendship, ME is reasonable for the $1,611/mo price point. Screening well and pricing to market typically yields stable tenants.
What do landlords charge for rent in Friendship, ME?
The typical rental in Friendship, ME commands about $1,611/mo monthly. That rent profile reliable cash flow against the $384K purchase basis.
Does house hacking make sense in Friendship, ME?
For house hackers, Friendship, ME is a challenging. The $1,611/mo rent on a unit helps defray the mortgage on a $384K property.
Which real estate strategy fits Friendship, ME?
For Friendship, ME, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
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