Real Estate Investing in Sherman, Maine (04776)
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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.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Sherman, ME (04776)?
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Market Analysis: 04776 Sherman
This part of Aroostook County is not an easy win. The 04776 ZIP clocks in at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
For an experienced owner, 04776 can be a a viable market for hunting ground — but the discount at $153K reflects genuine risk that outside investors often underestimate.
The gap between 04776 and stronger Sherman ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
A resilient 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.
The right play in 04776 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
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 | $152,940 | $152,940 | $401,109 |
| 5-Year CAGR | 4.5% | 4.5% | 8.6% |
| Avg Rent | $1,098 | $1,098 | - |
| Cap Rate | 5.6% | 5.6% | - |
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 | $152,940 |
| Monthly Rent | $1,098 |
| Price-to-Rent | 11.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.6% |
| Cap Rate | 5.6% |
| 5-Year IRR | 10.1% |
📈 Home Appreciation
| 1-Year | +5.3% ▲ |
| 3-Year CAGR | +0.6% ▲ |
| 5-Year CAGR | +4.5% ▲ |
| 10-Year CAGR | +5.8% ▲ |
🏠 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 (5.6%). 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
What kind of vacancy should I budget for in Sherman, ME?
Sherman, ME vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
How qualified is the tenant pool in Sherman, ME?
The tenant pool in Sherman, ME is solid, supported by local employment and population fundamentals. Rents of $1,098/mo are well-absorbed by the market.
How strong are rents in Sherman, ME?
The typical rental in Sherman, ME commands about $1,098/mo monthly. That rent profile reliable cash flow against the $153K purchase basis.
Does house hacking make sense in Sherman, ME?
House hacking works a challenging in Sherman, ME. Rents of $1,098/mo against $153K acquisition make the strategy solid for owner-occupants.
How does Sherman, ME rate as a rental market?
Sherman, ME rates 3.0/5 for investability. With median values at $153K and rents near $1,098/mo, the market offers reasonable fundamentals for rental investors.
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