Real Estate Investing in Surry, Maine (04684)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 04684 (Surry, 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: 35.1% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 27.9 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Surry, ME (04684)?
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Market Analysis: 04684 Surry
Not every below-median market is a bargain. Surry's 04684 ZIP stands at signals that favor experienced operators who can absorb the risk $449K pricing implies.
The investment case in 04684 is resilient only for operators who understand what they are buying. A $449K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
In the broader ME picture, 04684 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
From a cash-flow lens, 1,834 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
tilts toward the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Surry:
Market Trends
Home Value History (with trend line)
📊 How Does 04684 Compare?
| Metric | 04684 | Surry | Maine |
|---|---|---|---|
| Home Value | $448,757 | $448,757 | $401,109 |
| 5-Year CAGR | 4.3% | 4.3% | 8.6% |
| Avg Rent | $1,341 | $1,341 | - |
| Cap Rate | 2.3% | 2.3% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 04684 (Surry, ME). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $448,757 |
| Monthly Rent | $1,341 |
| Price-to-Rent | 27.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.6% |
| Cap Rate | 2.3% |
| 5-Year IRR | 6.6% |
📈 Home Appreciation
| 1-Year | +5.5% ▲ |
| 3-Year CAGR | +4.3% ▲ |
| 5-Year CAGR | +4.3% ▲ |
| 10-Year CAGR | +6.6% ▲ |
🏠 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 (2.3%). 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 04684
Population: 1,834
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 04684
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.
Frequently Asked Questions
What is the typical vacancy rate in Surry, ME?
Rental vacancy in Surry, ME is elevated. Investors should budget normal turnover but not chronic empty units.
What is the median home value in Surry, ME?
Surry, ME home values average about $449K. That price point suits investors targeting rentals with $1,341/mo in monthly income.
Is Surry, ME a smart market for rental property?
Yes - Surry, ME a 3.0/5 investability score. With $449K home prices against $1,341/mo monthly rent, the market delivers a reasonable entry point for new investors.
What type of investing works in Surry, ME?
In Surry, ME the healthy play is typically careful cash-flow rentals with hands-on management. The combination of $449K prices and $1,341/mo rents suits that approach.
Where do rents currently stand in Surry, ME?
Expect rents around $1,341/mo per month in Surry, ME. With home values at $449K, the yield math works out to reasonable levels for rental investors.
You know 04684 now. You don’t know where it ranks.
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