Real Estate Investing in Parsonsfield, Maine (04047)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 04047 (Parsonsfield, 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: 34.6% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Parsonsfield, ME (04047)?
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Market Analysis: 04047 Parsonsfield
The 04047 ZIP covers a section of Parsonsfield that demands careful diligence. Prices near $363K look accessible, but the work to make a deal cash flow is real.
The investment case in 04047 is sturdy only for operators who understand what they are buying. A $363K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
ZIP 04047's metrics run below York County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
The 04047 ZIP's population of 1,704 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that reflects the need for careful underwriting.
New investors are better served looking at Parsonsfield's stable or hybrid ZIPs before stepping into 04047. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Parsonsfield:
Market Trends
Home Value History (with trend line)
📊 How Does 04047 Compare?
| Metric | 04047 | Parsonsfield | Portland-South Portland, ME | Maine |
|---|---|---|---|---|
| Home Value | $363,164 | $363,164 | N/A | $401,109 |
| 5-Year CAGR | 3.8% | 3.8% | N/A | 8.6% |
| Avg Rent | $1,566 | $1,566 | N/A | - |
| Cap Rate | 3.4% | 3.4% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 04047 (Parsonsfield, ME). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $363,164 |
| Monthly Rent | $1,566 |
| Price-to-Rent | 19.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.2% |
| Cap Rate | 3.4% |
| 5-Year IRR | 7.2% |
📈 Home Appreciation
| 1-Year | +3.6% ▲ |
| 3-Year CAGR | +1.8% ▲ |
| 5-Year CAGR | +3.8% ▲ |
| 10-Year CAGR | +7.4% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.4%). 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 04047
Population: 1,704
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
What is the typical rental rate in Parsonsfield, ME?
Expect rents around $1,566/mo per month in Parsonsfield, ME. With home values at $363K, the yield math works out to reasonable levels for rental investors.
What is the average home sale price in Parsonsfield, ME?
Parsonsfield, ME median home values land near $363K. That is reasonable territory for investors looking at $1,566/mo-per-month rentals.
What is the best play in Parsonsfield, ME?
The best-fit strategy in Parsonsfield, ME is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
How tight is the rental market in Parsonsfield, ME?
Vacancy in Parsonsfield, ME is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,566/mo.
What kind of tenants rent in Parsonsfield, ME?
The renter base in Parsonsfield, ME is reasonable for the $1,566/mo price point. Screening well and pricing to market typically yields predictable tenants.
You know 04047 now. You don’t know where it ranks.
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How 04047 ranks in Portland-South Portland, ME
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