Real Estate Investing in Pittsfield, Maine (04967)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 04967 (Pittsfield, ME)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
Rare combination of both appreciation and cash flow. These markets don't last long — worth serious consideration.
- High vacancy: 12.3% of homes vacant — above national norms.
- Elevated poverty: 22.7% poverty rate — can affect rent collection.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Pittsfield, ME (04967)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 04967 Pittsfield
ZIP 04967 in Pittsfield, ME carries a significant set of headwinds. Home values near $206K and rents of $1,296/mo sit inside a market where underwriting has to be tight.
For an experienced owner, 04967 can be a a credible choice for hunting ground — but the discount at $206K reflects genuine risk that outside investors often underestimate.
Statewide comparisons place 04967 among ME's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Employment concentration in 04967 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Distressed ZIPs reward experience. notable returns are possible in 04967, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Pittsfield:
Property Strategy for 04967
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $157,921 | $1,440 | 6.6% | +11.8% | $78,961 |
| 3BR | $196,262 | $1,920 | 7.0% | +10.9% | $65,421 |
| 4BR | $219,829 | $2,060 | 6.7% | +10.2% | $54,957 |
Market Trends
Home Value History (with trend line)
📊 How Does 04967 Compare?
| Metric | 04967 | Pittsfield | Maine |
|---|---|---|---|
| Home Value | $206,280 | $206,280 | $401,109 |
| 5-Year CAGR | 8.2% | 8.2% | 8.6% |
| Avg Rent | $1,296 | $1,296 | - |
| Cap Rate | 4.9% | 4.9% | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 04967 (Pittsfield, ME). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 04967 (Pittsfield, ME)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $206,280 |
| Monthly Rent | $1,296 |
| Price-to-Rent | 13.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.5% |
| Cap Rate | 4.9% |
| 5-Year IRR | 13.1% |
📈 Home Appreciation
| 1-Year | +5.7% ▲ |
| 3-Year CAGR | +4.3% ▲ |
| 5-Year CAGR | +8.2% ▲ |
| 10-Year CAGR | +9.2% ▲ |
🏠 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 (4.9%). 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 04967
Population: 3,918
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 04967
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.
🎓 Nearby Colleges & Universities
Investor Insight: With 747 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Which investment style suits Pittsfield, ME?
Investors usually favor careful cash-flow rentals with hands-on management in Pittsfield, ME. With home values at $206K and rents near $1,296/mo, other strategies can work but produce reliable rather than outsized returns.
How strong is the working-renter base in Pittsfield, ME?
The renter base in Pittsfield, ME is reasonable for the $1,296/mo price point. Screening well and pricing to market typically yields stable tenants.
How strong is Pittsfield, ME for real estate investors?
Pittsfield, ME scores 3.0/5 for investability. Home values sit at $206K and rents near $1,296/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
Does a duplex house hack pencil in Pittsfield, ME?
For house hackers, Pittsfield, ME is a challenging. The $1,296/mo rent on a unit helps defray the mortgage on a $206K property.
How strong are rents in Pittsfield, ME?
Investors in Pittsfield, ME typically see rents near $1,296/mo per month against $206K home values - a solid setup for rental cash flow.
You know 04967 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 04967 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
AI Market Advisor
Ask questions about investing in 04967 (Pittsfield)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 04967 (Pittsfield, ME).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.