Real Estate Investing in Pembroke, Maine (04666)
Should you buy in 04666 (Pembroke, ME)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 29.4% of homes vacant — above national norms.
What’s happening in Pembroke, ME (04666)?
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Market Analysis: 04666 Pembroke
Not every below-median market is a bargain. Pembroke's 04666 ZIP stands at signals that favor experienced operators who can absorb the risk $163K pricing implies.
For an experienced owner, 04666 can be a a credible choice for hunting ground — but the discount at $163K reflects genuine risk that outside investors often underestimate.
Statewide comparisons place 04666 among ME's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Resident income in 04666 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Strategy in 04666 is an operator game, not a passive one. Meanwhile, entry prices of $163K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Pembroke:
Market Trends
Home Value History (with trend line)
📊 How Does 04666 Compare?
| Metric | 04666 | Pembroke | Maine |
|---|---|---|---|
| Home Value | $163,451 | $163,451 | $401,109 |
| 5-Year CAGR | 4.2% | 4.2% | 8.6% |
| Avg Rent | $1,287 | $1,287 | - |
| Cap Rate | 6.1% | 6.1% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 04666 (Pembroke, ME). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $163,451 |
| Monthly Rent | $1,287 |
| Price-to-Rent | 10.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 9.5% |
| Cap Rate | 6.1% |
| 5-Year IRR | 10.4% |
📈 Home Appreciation
| 1-Year | +0.8% ▲ |
| 3-Year CAGR | +0.4% ▲ |
| 5-Year CAGR | +4.2% ▲ |
| 10-Year CAGR | +5.2% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.5%) is close to the estimated cap rate (6.1%). Financing this market at current rates produces a cash-on-cash return near the cap rate. Appreciation and tax benefits may still support the investment.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 04666
Population: 1,253
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 04666
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
Frequently Asked Questions
What are rental rates like in Pembroke, ME?
Rental rates in Pembroke, ME average $1,287/mo. Tenant demand and $163K home values make the yield look reasonable by investor standards.
Are renters plentiful in Pembroke, ME?
Working renters make up the core of the Pembroke, ME tenant base. The pool is reasonable for investors targeting long-term holds.
Is Pembroke, ME a good place for real estate investing?
Pembroke, ME reflects an investability rating of 3.0/5, with median home values near $163K and average rents around $1,287/mo. That combination puts it in the solid tier for investor interest.
What is the rental occupancy rate in Pembroke, ME?
Occupancy in Pembroke, ME runs even-keeled with elevated vacancy. Well-priced units at $1,287/mo lease on reasonable timelines.
Is Pembroke, ME better for rentals, flips, or BRRRR?
For Pembroke, 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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