Real Estate Investing in North Haven, Maine (04853)
Should you buy in 04853 (North Haven, ME)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- High vacancy: 64.6% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 39.4 — hard to cash-flow at these prices.
What’s happening in North Haven, ME (04853)?
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Market Analysis: 04853 North Haven
The 04853 ZIP covers a section of North Haven that demands careful diligence. Prices near $758K look accessible, but the work to make a deal cash flow is real.
The 04853 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Nearby ZIPs in North Haven have seen price recovery that 04853 has not matched. Knox County data supports the view that the spread is structural rather than temporary.
The 04853 ZIP's population of 488 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that registers the need for careful underwriting.
Distressed ZIPs reward experience. significant returns are possible in 04853, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in North Haven:
Market Trends
Home Value History (with trend line)
📊 How Does 04853 Compare?
| Metric | 04853 | North Haven | Maine |
|---|---|---|---|
| Home Value | $757,914 | $757,914 | $401,109 |
| 5-Year CAGR | N/A | N/A | 8.6% |
| Avg Rent | $1,602 | $1,602 | - |
| 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 04853 (North Haven, ME). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $757,914 |
| Monthly Rent | $1,602 |
| Price-to-Rent | 39.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.5% |
| Cap Rate | 1.7% |
| 5-Year IRR | 4.3% |
📈 Home Appreciation
| 1-Year | +2.6% ▲ |
| 3-Year CAGR | N/A |
| 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 (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 04853
Population: 488
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 04853
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
Is real estate in North Haven, ME a good investment right now?
North Haven, ME scores 2.0/5 for investability. Home values sit at $758K and rents near $1,602/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
What monthly rent should investors expect in North Haven, ME?
Rental rates in North Haven, ME average $1,602/mo. Tenant demand and $758K home values make the yield look reasonable by investor standards.
What is the average home sale price in North Haven, ME?
Expect median prices around $758K in North Haven, ME. The market has run at a 0.0% 5-year CAGR, so entry costs have been stable.
Which investment style suits North Haven, ME?
Investors usually favor careful cash-flow rentals with hands-on management in North Haven, ME. With home values at $758K and rents near $1,602/mo, other strategies can work but produce even-keeled rather than outsized returns.
Is ME a landlord-friendly state?
The landlord environment in North Haven, ME is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
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