Real Estate Investing in Perry, Maine (04667)
Should you buy in 04667 (Perry, ME)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 31.0% of homes vacant — above national norms.
What’s happening in Perry, ME (04667)?
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Market Analysis: 04667 Perry
This part of Washington County is not an easy win. The 04667 ZIP registers softness in key indicators, and the playbook that works in cleaner markets often stalls here.
For an experienced owner, 04667 can be a a viable market for hunting ground — but the discount at $199K reflects genuine risk that outside investors often underestimate.
ZIP 04667's metrics run below Washington County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
The demographic picture in 04667 includes headwinds that any investor should price in. Income distribution skews lower than Perry averages, and tenant stability requires active management.
New investors are better served looking at Perry's stable or hybrid ZIPs before stepping into 04667. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Perry:
Property Strategy for 04667
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $192,856 | $1,550 | 5.8% | — | $96,428 |
| 3BR | $221,309 | $2,150 | 7.0% | — | $73,770 |
Market Trends
Home Value History (with trend line)
📊 How Does 04667 Compare?
| Metric | 04667 | Perry | Maine |
|---|---|---|---|
| Home Value | $198,884 | $198,884 | $401,109 |
| 5-Year CAGR | 6.1% | 6.1% | 8.6% |
| Avg Rent | $1,395 | $1,395 | - |
| Cap Rate | 5.5% | 5.5% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 04667 (Perry, ME). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $198,884 |
| Monthly Rent | $1,395 |
| Price-to-Rent | 11.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.4% |
| Cap Rate | 5.5% |
| 5-Year IRR | 11.6% |
📈 Home Appreciation
| 1-Year | +1.8% ▲ |
| 3-Year CAGR | +2.0% ▲ |
| 5-Year CAGR | +6.1% ▲ |
| 10-Year CAGR | +6.0% ▲ |
🏠 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 (5.5%). 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 04667
Population: 1,307
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 04667
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
How do experienced investors play Perry, ME?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Perry, ME. The numbers - $199K homes against $1,395/mo rents - support that play.
How high is vacancy risk in Perry, ME?
Vacancy risk in Perry, ME is elevated. That supports measured cash flow for typical rental holds.
How qualified is the tenant pool in Perry, ME?
The tenant pool in Perry, ME is solid, supported by local employment and population fundamentals. Rents of $1,395/mo are well-absorbed by the market.
Is Perry, ME suited for a house hack?
For house hackers, Perry, ME is a challenging. The $1,395/mo rent on a unit helps defray the mortgage on a $199K property.
What do rentals go for in Perry, ME?
Rental rates in Perry, ME average $1,395/mo. Tenant demand and $199K home values make the yield look reasonable by investor standards.
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