Real Estate Investing in Camden, Maine (04843)
Should you buy in 04843 (Camden, 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: 27.8% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 38.0 — hard to cash-flow at these prices.
What’s happening in Camden, ME (04843)?
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Market Analysis: 04843 Camden
This part of Knox County is not an easy win. The 04843 ZIP comes in at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Rent of $1,503/mo on a $685K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 04843 sits below the stated 0.0% once reality is priced in.
Regionally, 04843 sits on the difficult end of the ME spectrum. The a viable market for read — for disciplined operators — is that pricing reflects the difficulty.
The demographic picture in 04843 includes headwinds that any investor should price in. Income distribution skews lower than Camden averages, and tenant stability requires active management.
New investors are better served looking at Camden's stable or hybrid ZIPs before stepping into 04843. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Camden:
Property Strategy for 04843
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $373,677 | $1,390 | 2.7% | +9.0% | $373,677 |
| 2BR | $522,230 | $1,670 | 2.3% | +10.1% | $261,115 |
| 3BR | $639,444 | $2,110 | 2.4% | +10.5% | $213,148 |
| 4BR | $860,897 | $2,280 | 1.9% | +11.7% | $215,224 |
| 5BR | $1,296,946 | — | — | +12.4% | $259,389 |
Market Trends
Home Value History (with trend line)
📊 How Does 04843 Compare?
| Metric | 04843 | Camden | Maine |
|---|---|---|---|
| Home Value | $685,236 | $685,236 | $401,109 |
| 5-Year CAGR | 8.8% | 8.8% | 8.6% |
| Avg Rent | $1,503 | $1,503 | - |
| Cap Rate | 1.7% | 1.7% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 04843 (Camden, ME). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $685,236 |
| Monthly Rent | $1,503 |
| Price-to-Rent | 38.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.6% |
| Cap Rate | 1.7% |
| 5-Year IRR | 10.5% |
📈 Home Appreciation
| 1-Year | +4.0% ▲ |
| 3-Year CAGR | +3.7% ▲ |
| 5-Year CAGR | +8.8% ▲ |
| 10-Year CAGR | +7.5% ▲ |
🏠 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 (1.7%). 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 04843
Population: 5,243
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 04843
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
Where do home prices stand in Camden, ME?
Camden, ME median home values land near $685K. That is reasonable territory for investors looking at $1,503/mo-per-month rentals.
Do rentals sit vacant long in Camden, ME?
Rental vacancy in Camden, ME is elevated. Investors should budget normal turnover but not chronic empty units.
Is it easy to find good tenants in Camden, ME?
Tenant demand in Camden, ME is solid. The local workforce $1,503/mo rents across most rental classes.
How viable is house hacking in Camden, ME?
The house hack math a challenging in Camden, ME. Owner-occupant buyers benefit from the $1,503/mo rents and $685K home values.
What real estate strategy is ideal for Camden, ME?
For Camden, 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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