Real Estate Investing in Sherman, Maine (04776)
Should you buy in 04776 (Sherman, ME)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 31.6% of homes vacant — above national norms.
- Elevated poverty: 23.8% poverty rate — can affect rent collection.
What’s happening in Sherman, ME (04776)?
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Market Analysis: 04776 Sherman
Investors eyeing 04776 need to respect the fundamentals at play. Home values of $150K come alongside slower price movement and elevated management overhead.
Distressed markets are won on execution, not on spreadsheets. ZIP 04776 clocks in at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
In the broader ME picture, 04776 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
A robust renter share of 9% in 04776 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
New investors are better served looking at Sherman's stable or hybrid ZIPs before stepping into 04776. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Sherman:
Market Trends
Home Value History (with trend line)
📊 How Does 04776 Compare?
| Metric | 04776 | Sherman | Maine |
|---|---|---|---|
| Home Value | $149,644 | $149,644 | $401,109 |
| 5-Year CAGR | 4.8% | 4.8% | 8.6% |
| Avg Rent | $1,098 | $1,098 | - |
| Cap Rate | 5.7% | 5.7% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 04776 (Sherman, ME). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $149,644 |
| Monthly Rent | $1,098 |
| Price-to-Rent | 11.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.8% |
| Cap Rate | 5.7% |
| 5-Year IRR | 10.5% |
📈 Home Appreciation
| 1-Year | +0.8% ▲ |
| 3-Year CAGR | -0.1% ▼ |
| 5-Year CAGR | +4.8% ▲ |
| 10-Year CAGR | +5.3% ▲ |
🏠 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 (5.7%). 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 04776
Population: 886
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
Frequently Asked Questions
How strong is the working-renter base in Sherman, ME?
Sherman, ME draws a predictable base of working renters. Demand at the $1,098/mo rent level is reasonable for standard single-family and small multi rentals.
What is the typical vacancy rate in Sherman, ME?
Vacancy risk in Sherman, ME is elevated. That supports consistent cash flow for typical rental holds.
Is Sherman, ME good for house hacking?
House hacking works a challenging in Sherman, ME. Rents of $1,098/mo against $150K acquisition make the strategy solid for owner-occupants.
What do rentals go for in Sherman, ME?
Expect rents around $1,098/mo per month in Sherman, ME. With home values at $150K, the yield math works out to reasonable levels for rental investors.
Is rental property easy to operate in Sherman, ME?
For rental operators, Sherman, ME rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
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