Is Damariscotta, ME a good place to invest in rental property?

Damariscotta, ME has a median modeled monthly cash flow of $-2,865 and a median cap rate of 0.8%, on a median sold price of $469,500. Prices changed -2.2% year over year.

What is the average cap rate in Damariscotta, ME?

The median cap rate across recently sold homes in Damariscotta, ME is 0.8%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Damariscotta, ME?

The median sold price in Damariscotta, ME is $469,500 (about $262 per square foot).

Investing in Damariscotta, ME Real Estate

A data-driven snapshot of the Damariscotta, ME rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$469,500Median sold price

$262Median $/sqft

0.8%Median cap rate

$-2,865Modeled cash flow / mo

-2.2%Appreciation YoY

5.1Months of supply

16Active listings

38Sold (last 12 mo)

What the Damariscotta numbers say

In Damariscotta, ME, the median home sold for $469,500 (about $262 per square foot), and the typical deal models out to a 0.8% cap rate with a median $-2,865 of monthly cash flow. Sold prices moved -2.2% over the past year. Inventory sits at about 5.1 months of supply. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Maine markets to compare

See Damariscotta cash-flowing listings

CashFlowRE ranks every for-sale home in Damariscotta, ME by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Damariscotta deals, or browse the national market data.