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

Newcastle, ME has a median modeled monthly cash flow of $-2,385 and a median cap rate of 1.1%, on a median sold price of $420,000. Prices changed +32.2% year over year.

What is the average cap rate in Newcastle, ME?

The median cap rate across recently sold homes in Newcastle, ME is 1.1%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Newcastle, ME?

The median sold price in Newcastle, ME is $420,000 (about $310 per square foot).

Investing in Newcastle, ME Real Estate

A data-driven snapshot of the Newcastle, 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.

$420,000Median sold price

$310Median $/sqft

1.1%Median cap rate

$-2,385Modeled cash flow / mo

+32.2%Appreciation YoY

4.6Months of supply

18Active listings

47Sold (last 12 mo)

What the Newcastle numbers say

In Newcastle, ME, the median home sold for $420,000 (about $310 per square foot), and the typical deal models out to a 1.1% cap rate with a median $-2,385 of monthly cash flow. Sold prices moved +32.2% over the past year. Inventory sits at about 4.6 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 Newcastle cash-flowing listings

CashFlowRE ranks every for-sale home in Newcastle, 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 Newcastle deals, or browse the national market data.