Real Estate Investing in Stonington, Maine (04681)
Should you buy in 04681 (Stonington, 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: 49.0% of homes vacant — above national norms.
- Higher unemployment: 7.6% unemployment — tenant risk signal.
- High price-to-rent: Price-to-rent ratio 33.4 — hard to cash-flow at these prices.
What’s happening in Stonington, ME (04681)?
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Market Analysis: 04681 Stonington
ZIP 04681 in Stonington, ME carries a solid set of headwinds. Home values near $480K and rents of $1,197/mo sit inside a market where underwriting has to be tight.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $480K asset, 04681 is the wrong submarket. If the plan prices in friction, the yield can still work.
Within ME, ZIP 04681 trails on several market indicators that neighboring Hancock County submarkets outperform. The gap is real and impressive enough to shape underwriting.
Resident income in 04681 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
The right play in 04681 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Stonington:
Market Trends
Home Value History (with trend line)
📊 How Does 04681 Compare?
| Metric | 04681 | Stonington | Maine |
|---|---|---|---|
| Home Value | $480,214 | $480,214 | $401,109 |
| 5-Year CAGR | 7.4% | 7.4% | 8.6% |
| Avg Rent | $1,197 | $1,197 | - |
| Cap Rate | 1.9% | 1.9% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 04681 (Stonington, ME). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $480,214 |
| Monthly Rent | $1,197 |
| Price-to-Rent | 33.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.0% |
| Cap Rate | 1.9% |
| 5-Year IRR | 9.3% |
📈 Home Appreciation
| 1-Year | +2.5% ▲ |
| 3-Year CAGR | +3.6% ▲ |
| 5-Year CAGR | +7.4% ▲ |
| 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 (1.9%). 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 04681
Population: 906
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
How quickly do rentals get leased in Stonington, ME?
Stonington, ME sees elevated vacancy, which is reasonable relative to the broader ME rental market.
Is the tenant base reliable in Stonington, ME?
Tenant quality in Stonington, ME ranks as solid. Landlords generally report measured occupancy at market rents of $1,197/mo.
Is rental property easy to operate in Stonington, ME?
ME law landlord-friendly for landlords, and Stonington inherits those rules. Investors should still review local ordinances for rental licensing.
What type of investing works in Stonington, ME?
In Stonington, ME the notable play is typically careful cash-flow rentals with hands-on management. The combination of $480K prices and $1,197/mo rents suits that approach.
Is housing expensive in Stonington, ME?
Typical homes in Stonington, ME go for around $480K. The 5-year CAGR of 0.0% reliable price movement.
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