Real Estate Investing in Deer Isle, Maine (04627)
Should you buy in 04627 (Deer Isle, ME)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 43.5% of homes vacant — above national norms.
What’s happening in Deer Isle, ME (04627)?
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Market Analysis: 04627 Deer Isle
This part of Hancock County is not an easy win. The 04627 ZIP registers softness in key indicators, and the playbook that works in cleaner markets often stalls here.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $413K asset, 04627 is the wrong submarket. If the plan prices in friction, the yield can still work.
Within ME, ZIP 04627 trails on several market indicators that neighboring Hancock County submarkets outperform. The gap is real and robust enough to shape underwriting.
Resident income in 04627 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Distressed ZIPs reward experience. solid returns are possible in 04627, 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 Deer Isle:
Market Trends
Home Value History (with trend line)
📊 How Does 04627 Compare?
| Metric | 04627 | Deer Isle | Maine |
|---|---|---|---|
| Home Value | $413,118 | $413,118 | $401,109 |
| 5-Year CAGR | 7.8% | 7.8% | 8.6% |
| Avg Rent | $1,431 | $1,431 | - |
| Cap Rate | 2.7% | 2.7% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 04627 (Deer Isle, ME). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $413,118 |
| Monthly Rent | $1,431 |
| Price-to-Rent | 24.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.2% |
| Cap Rate | 2.7% |
| 5-Year IRR | 10.5% |
📈 Home Appreciation
| 1-Year | +1.5% ▲ |
| 3-Year CAGR | +1.9% ▲ |
| 5-Year CAGR | +7.8% ▲ |
| 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 (2.7%). 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 04627
Population: 1,883
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 04627
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
Are homes affordable in Deer Isle, ME?
Typical homes in Deer Isle, ME go for around $413K. The 5-year CAGR of 0.0% measured price movement.
How do landlord-tenant laws work in Deer Isle, ME?
The landlord environment in Deer Isle, ME is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
What do landlords charge for rent in Deer Isle, ME?
Investors in Deer Isle, ME typically see rents near $1,431/mo per month against $413K home values - a solid setup for rental cash flow.
Can I house hack in Deer Isle, ME?
The house hack math a challenging in Deer Isle, ME. Owner-occupant buyers benefit from the $1,431/mo rents and $413K home values.
Is Deer Isle, ME better for rentals, flips, or BRRRR?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Deer Isle, ME. The numbers - $413K homes against $1,431/mo rents - support that play.
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