Real Estate Investing in Somerset County, Maine

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

17 ZIP codes • Population: 47,167

Should you buy in Somerset County, ME? Our answer, based on the numbers below.

🏠 For Homebuyers
MIXED
Grade C (69/100)

Mixed signals β€” some positives, some negatives. Worth considering but not a slam-dunk.

πŸ“ˆ For Investors
MIXED
3.0 / 5 (52/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
1 flag
  • High vacancy: 22.3% of homes vacant β€” above national norms.

What’s happening in Somerset County, ME?

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3.0/ 5

Investability

County-wide average

4.0/ 5

Appreciation

7.5% 5yr CAGR

4.0/ 5

Landlord Climate

Regulatory friendliness

Avg Investability β˜…β˜…β˜…β˜…β˜…
Avg Home Value $235,150
Avg Monthly Rent $1,216
ZIP Codes 17

Investing in Somerset County Real Estate

Across Somerset County's 17 ZIPs, the picture is subdued β€” soft rents, slow appreciation, and demographic headwinds that don't obviously reverse in the medium term.

Somerset is the kind of county where the cap rate on paper and the cap rate realized tend to diverge. plainly out-of-state capital should be especially careful with carry-in assumptions.

Demographics in Somerset show real pressure β€” $N/AK median income is lackluster relative to rents, and the 0% renter share includes significant cost-burdened households.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Landlord Ground Truth

Real numbers from people who own or manage rentals in Somerset County, ME. Anonymous, moderated, never written by AI.

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Avg Home Value
$235,150
Avg Monthly Rent
$1,216
1% Rule
βœ— Below
Landlord Friendly (ME)
β˜…β˜…β˜…β˜…β˜†

πŸŽ“ Colleges & Universities in Somerset County

1 College 2,381 Students 747 Off-Campus Renters
C
Kennebec Valley Community College
2-Year Public Β· 2,381 students
πŸ“ ~747 students rent off-campus

Investor Insight: With 747 students living off-campus, Somerset County has substantial rental demand from the college population β€” typically stable, lease-renewing tenants.

Cities in Somerset County

ZIP Codes in Somerset County, ME

04976 β˜… β˜… β˜… β˜… β˜…
Skowhegan
Population 10,117
Avg Home $238,048
Avg Rent $1,089/mo
04937 β˜… β˜… β˜… β˜… β˜…
Fairfield
Population 6,411
Avg Home $251,230
Avg Rent $1,288/mo
04950 β˜… β˜… β˜… β˜… β˜…
Madison
Population 4,761
Avg Home $222,740
Avg Rent $1,368/mo
04957 β˜… β˜… β˜… β˜… β˜…
Norridgewock
Population 4,090
Avg Home $255,255
Avg Rent $1,269/mo
04967 β˜… β˜… β˜… β˜… β˜…
Pittsfield
Population 3,918
Avg Home $206,280
Avg Rent $1,296/mo
04965 β˜… β˜… β˜… β˜… β˜…
Palmyra
Population 2,150
Avg Home $248,041
Avg Rent $1,350/mo
04958 β˜… β˜… β˜… β˜… β˜…
Anson
Population 2,135
Avg Home $299,808
Avg Rent $1,125/mo
04924 β˜… β˜… β˜… β˜… β˜…
Canaan
Population 2,082
Avg Home $255,134
Avg Rent $1,503/mo
04911 β˜… β˜… β˜… β˜… β˜…
Anson
Population 1,787
Avg Home $198,820
Avg Rent $1,098/mo
04920 β˜… β˜… β˜… β˜… β˜…
Bingham
Population 1,775
Avg Home $178,718
Avg Rent $981/mo
04971 β˜… β˜… β˜… β˜… β˜…
St Albans
Population 1,703
Avg Home $239,349
Avg Rent $1,152/mo
04943 β˜… β˜… β˜… β˜… β˜…
Hartland
Population 1,681
Avg Home $192,707
Avg Rent $1,035/mo
04945 β˜… β˜… β˜… β˜… β˜…
Jackman
Population 1,270
Avg Home $237,591
Avg Rent $1,530/mo
04979 β˜… β˜… β˜… β˜… β˜…
Solon
Population 919
Avg Home $219,432
Avg Rent $1,017/mo
04978 β˜… β˜… β˜… β˜… β˜…
Smithfield
Population 867
Avg Home $288,910
Avg Rent $1,107/mo
04961 β˜… β˜… β˜… β˜… β˜…
Lexington
Population 795
Avg Home $217,092
Avg Rent $1,314/mo
04929 β˜… β˜… β˜… β˜… β˜…
Detroit
Population 706
Avg Home $248,390
Avg Rent $1,152/mo

Screen every market in Somerset County

Filter this county’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo). Add weekly alerts when these markets move with Investor Pro+.

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Frequently Asked Questions About Somerset County

How does, ME rate as a rental market?

, ME scores 3.0/5 for investability. Home values sit at $235K and rents near $1,216/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.

Is housing expensive in, ME?

, ME median home values land near $235K. That is reasonable territory for investors looking at $1,216/mo-per-month rentals.

How do experienced investors play, ME?

The best-fit strategy in, ME is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.

How deep is the rental pool in, ME?

The tenant pool in, ME is solid, supported by local employment and population fundamentals. Rents of $1,216/mo are well-absorbed by the market.

Community Ratings

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