Is Aroostook County, ME good for real estate investing?

Aroostook County has an investment score of 61/100, rated as "Buy". The county ranks #229 nationally among 1000 counties analyzed.

What is the rent-to-price ratio in Aroostook?

The rent-to-price ratio in Aroostook County is 7.17% annually, which ranks in the 80th percentile nationally. Higher ratios indicate better cash flow potential.

What is the median home price in Aroostook?

The median home price in Aroostook County is $158,894. This ranks #103 in affordability among all US counties.

Can you cash flow on rental properties in Aroostook?

Based on median values with 20% down at current rates, a typical rental in Aroostook County would generate negative cash flow of $216/month. Individual property performance varies based on purchase price, rent, and operating expenses.

Aroostook County

MainePopulation: 67,237

/100

Buy

#229 of 1,000 counties

#3 in Maine (16 counties)

Market Snapshot

$158,894

Median Home Price

44% below national median

$950/mo

Median Rent

39% below national median

7.17%

Rent-to-Price Ratio

Top 20% nationally

-$216

Est. Monthly Cash Flow

With 20% down at 6.9% rate

Price History

Trend based on YoY growth rate. Source: Zillow ZHVI/ZORI

Quick Investment Calculator

Down Payment20%

5%50%100%

Purchase

Purchase Price$158,894

Down Payment (20%)$31,779

Loan Amount$127,115

Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$950

Monthly P&I-$833

Est. Expenses (35%)-$333

Net Cash Flow-$216/mo

4.7%

Cap Rate (all cash)

-7.1%

Cash-on-Cash Return

7.17%

Rent-to-Price Ratio

Negative leverage: At 6.85% rates, borrowing costs exceed the 4.7% cap rate. All-cash buyers may see better returns.

* Based on county median values. 35% expenses include taxes, insurance, maintenance, vacancy, and property management. Actual results vary by property.

Run Full Analysis Try House Hack Strategy

Score Breakdown

Overall Investment Score

61/100

Cash Flow(30%)

72/100

Based on 7.17% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)

42/100

Based on -1.6% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)

50/100

Population data not available.

Affordability(20%)

83/100

Price-to-income ratio of 3.1x. Lower ratios indicate more affordable markets.

Scores are calculated using real Zillow home value and rent data, Census population data, and economic indicators. The weighted average produces the overall investment score. Markets with missing rent data use estimated values based on regional averages.

Investment Outlook

Strengths

+Above-average rent-to-price ratio (7.17%)
+Affordable relative to local incomes
+Complete rent data available

Challenges

-Declining home values (-1.6% YoY)
-Negative cash flow at typical financing (-$216/mo)
-Negative leverage (cap rate 4.7% < mortgage rate 6.9%)

Economic Indicators

Population

67,237

Median Income

$50,843

vs $65,157 national est.

Unemployment Rate

—

Data pending

Price-to-Income

3.1x

Moderately affordable

Compare to Nearby Counties

County					Verdict
PiscataquisME	67	$219,782	Est. pending	—	Buy
PenobscotME	63	$270,057	$1,509	6.70%	Buy	View
CurrentAroostookME	61	$158,894	$950	7.17%	Buy
AndroscogginME	57	$319,791	$1,552	5.82%	Hold
WashingtonME	54	$192,446	Est. pending	—	Hold
KennebecME	53	$307,224	$1,443	5.64%	Hold	View

The Bottom Line

BuyAroostook offers solid investment potential with good cash flow or appreciation prospects.

Aroostook County in Maine scores 61/100, ranking #229 of 1,000 US counties (top 36%). The 7.17% rent-to-price ratio indicates moderate cash flow potential.

Monthly Cash Flow

$-216/mo

Cap Rate

4.7%

Cash-on-Cash

-7.1%

Ready to Analyze a Deal in Aroostook?

Use our investment calculators to run detailed numbers on specific properties.

Single Family1-4 unit rentals, BRRRR House HackOwner-occupied strategy Multifamily5+ unit properties

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Quick Investment Calculator

Down Payment20%

5%50%100%

Purchase

Purchase Price$158,894

Down Payment (20%)$31,779

Loan Amount$127,115

Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$950

Monthly P&I-$833

Est. Expenses (35%)-$333

Net Cash Flow-$216/mo

4.7%

Cap Rate (all cash)

-7.1%

Cash-on-Cash Return

7.17%

Rent-to-Price Ratio

Negative leverage: At 6.85% rates, borrowing costs exceed the 4.7% cap rate. All-cash buyers may see better returns.

* Based on county median values. 35% expenses include taxes, insurance, maintenance, vacancy, and property management. Actual results vary by property.

Run Full Analysis Try House Hack Strategy

Score Breakdown

Overall Investment Score

61/100

Cash Flow(30%)

72/100

Based on 7.17% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)

42/100

Based on -1.6% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)

50/100

Population data not available.

Affordability(20%)

83/100

Price-to-income ratio of 3.1x. Lower ratios indicate more affordable markets.

County

Verdict

PiscataquisME

$219,782

Est. pending

—

Buy

PenobscotME

$270,057

$1,509

6.70%

Buy

View

CurrentAroostookME

$158,894

$950

7.17%

Buy

AndroscogginME

$319,791

$1,552

5.82%

Hold

WashingtonME

$192,446

Est. pending

—

Hold

KennebecME

$307,224

$1,443

5.64%

Hold

View

The Bottom Line

BuyAroostook offers solid investment potential with good cash flow or appreciation prospects.

Aroostook County in Maine scores 61/100, ranking #229 of 1,000 US counties (top 36%). The 7.17% rent-to-price ratio indicates moderate cash flow potential.

Monthly Cash Flow

$-216/mo

Cap Rate

4.7%

Cash-on-Cash

-7.1%