Performance indicators for the New Gloucester short-term rental market based on reliable data.
Listings
Reliable / Active
Cap Rate
Middle-Earners Gross Yield
Revenue
Middle-Earners Revenue
Occupancy
Middle-Earners Occupancy
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Median Home Sale Price
Top Earners
Top-Earners Revenue
The highest-performing listings in New Gloucester.
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Challenging to Investors
New Gloucester’s STRs are allowed but framed primarily as B&B/inn lodging with moderate permitting (home occupation permit, CO, site plan review for larger ops), state licensing (MRS sales tax, DHHS food) and performance standards. The maximum guest-room caps (7 for B&B, 15 for inn) and a “transient” definition limiting stays to ≤3 consecutive weeks, combined with Lake District environmental limits and reliance on a 2010 ordinance with potential inconsistent interpretation, create compliance hurdles and investor risk.
Local STR Agent
STR specialist · New Gloucester, ME
New Gloucester is a town in Cumberland County, Maine, United States. New Gloucester is included in the Lewiston-Auburn, Maine metropolitan New England city and town area. It is home to the Sabbathday Lake Shaker Village, the last active Shaker village in the U.S. The town's population was 5,676 at the 2020 census.New Gloucester is part of Maine's Portland–South Portland–Biddeford, metropolitan statistical area.