Real Estate Investing in Whiting, Maine (04691)
Should you buy in 04691 (Whiting, ME)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 44.1% of homes vacant — above national norms.
What’s happening in Whiting, ME (04691)?
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Market Analysis: 04691 Whiting
The 04691 ZIP in Whiting, ME is a local-operator market. Outside capital chasing a $251K entry has to pair deep knowledge with the discount.
Meanwhile, the numbers look inviting — $251K purchase price, 0.0% nominal cap — the work to hit that pro forma in 04691 is substantial and deserves full respect.
Nearby ZIPs in Whiting have seen price recovery that 04691 has not matched. Washington County data supports the view that the spread is structural rather than temporary.
On the rental side, 527 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.
Strategy in 04691 is an operator game, not a passive one. Stepping back, entry prices of $251K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Whiting:
Market Trends
Home Value History (with trend line)
📊 How Does 04691 Compare?
| Metric | 04691 | Whiting | Maine |
|---|---|---|---|
| Home Value | $251,206 | $251,206 | $401,109 |
| 5-Year CAGR | N/A | N/A | 8.6% |
| Avg Rent | $1,341 | $1,341 | - |
| Cap Rate | 4.2% | 4.2% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 04691 (Whiting, ME). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $251,206 |
| Monthly Rent | $1,341 |
| Price-to-Rent | 15.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.4% |
| Cap Rate | 4.2% |
| 5-Year IRR | 5.9% |
📈 Home Appreciation
| 1-Year | +7.5% ▲ |
| 3-Year CAGR | +1.8% ▲ |
| 5-Year CAGR | N/A |
| 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 (4.2%). 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 04691
Population: 527
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 04691
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 Whiting, ME make sense for an investment property?
The 2.0/5 investability rating in Whiting, ME reflects its $251K prices and $1,341/mo rents. Investors generally consider it a solid option within ME.
Are rents high in Whiting, ME?
Rents in Whiting, ME run near $1,341/mo. Compared with median home prices of $251K that produces solid gross yields for typical rentals.
How landlord-friendly is Whiting, ME?
The landlord environment in Whiting, ME is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
What is the smart move for investors in Whiting, ME?
In Whiting, ME the durable play is typically careful cash-flow rentals with hands-on management. The combination of $251K prices and $1,341/mo rents suits that approach.
What is the tenant pool like in Whiting, ME?
The tenant pool in Whiting, ME is solid, supported by local employment and population fundamentals. Rents of $1,341/mo are well-absorbed by the market.
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