Real Estate Investing in Alexander, Maine (04694)
Should you buy in 04694 (Alexander, 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: 28.3% of homes vacant — above national norms.
What’s happening in Alexander, ME (04694)?
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Market Analysis: 04694 Alexander
ZIP 04694 in Alexander, ME carries a sturdy set of headwinds. Home values near $180K and rents of $1,422/mo sit inside a market where underwriting has to be tight.
Rent of $1,422/mo on a $180K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 04694 sits below the stated 0.0% once reality is priced in.
Statewide comparisons place 04694 among ME's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Who lives in 04694 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Strategically, 04694 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Alexander:
Market Trends
Home Value History (with trend line)
📊 How Does 04694 Compare?
| Metric | 04694 | Alexander | Maine |
|---|---|---|---|
| Home Value | $180,048 | $180,048 | $401,109 |
| 5-Year CAGR | 6.8% | 6.8% | 8.6% |
| Avg Rent | $1,422 | $1,422 | - |
| Cap Rate | 6.2% | 6.2% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 04694 (Alexander, ME). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $180,048 |
| Monthly Rent | $1,422 |
| Price-to-Rent | 10.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 9.5% |
| Cap Rate | 6.2% |
| 5-Year IRR | 13.0% |
📈 Home Appreciation
| 1-Year | +3.9% ▲ |
| 3-Year CAGR | +4.0% ▲ |
| 5-Year CAGR | +6.8% ▲ |
| 10-Year CAGR | +8.3% ▲ |
🏠 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 (6.2%). 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 04694
Population: 2,263
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 04694
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
Do landlords face vacancy issues in Alexander, ME?
Rental vacancy in Alexander, ME is elevated. Investors should budget normal turnover but not chronic empty units.
What kind of market is Alexander, ME for investors?
Our data puts Alexander, ME at 3.0/5 for investability. Home prices of $180K and rents around $1,422/mo create a solid backdrop for investor activity.
Does house hacking make sense in Alexander, ME?
House hacking in Alexander, ME is reasonable to execute. Prices around $180K and rents of $1,422/mo solid owner-occupant economics.
Is Alexander, ME a friendly market for rental owners?
For rental operators, Alexander, ME rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
What is the average home sale price in Alexander, ME?
Expect median prices around $180K in Alexander, ME. The market has run at a 0.0% 5-year CAGR, so entry costs have been stable.
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