Real Estate Investing in Freeman, Maine (04983)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 04983 (Freeman, 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: 35.8% 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 Freeman, ME (04983)?
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Market Analysis: 04983 Freeman
ZIP 04983 in Freeman, ME carries a solid set of headwinds. Home values near $268K and rents of $1,107/mo sit inside a market where underwriting has to be tight.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $268K asset, 04983 is the wrong submarket. If the plan prices in friction, the yield can still work.
Regionally, 04983 sits on the difficult end of the ME spectrum. The worth a close look for read — for disciplined operators — is that pricing reflects the difficulty.
Stepping back, 1,773 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.
Distressed ZIPs reward experience. solid returns are possible in 04983, 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 Freeman:
Market Trends
Home Value History (with trend line)
📊 How Does 04983 Compare?
| Metric | 04983 | Freeman | Maine |
|---|---|---|---|
| Home Value | $267,729 | $267,729 | $401,109 |
| 5-Year CAGR | 4.5% | 4.5% | 8.6% |
| Avg Rent | $1,107 | $1,107 | - |
| Cap Rate | 3.2% | 3.2% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 04983 (Freeman, ME). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $267,729 |
| Monthly Rent | $1,107 |
| Price-to-Rent | 20.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.0% |
| Cap Rate | 3.2% |
| 5-Year IRR | 7.8% |
📈 Home Appreciation
| 1-Year | -0.9% ▼ |
| 3-Year CAGR | +1.1% ▲ |
| 5-Year CAGR | +4.5% ▲ |
| 10-Year CAGR | N/A |
🏠 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 (3.2%). 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 04983
Population: 1,773
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 04983
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 do landlords charge for rent in Freeman, ME?
Expect rents around $1,107/mo per month in Freeman, ME. With home values at $268K, the yield math works out to reasonable levels for rental investors.
How do experienced investors play Freeman, ME?
The best-fit strategy in Freeman, ME is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
Is Freeman, ME a smart market for rental property?
The 3.0/5 investability rating in Freeman, ME reflects its $268K prices and $1,107/mo rents. Investors generally consider it a solid option within ME.
Are landlord laws favorable in Freeman, ME?
Rental owners in Freeman, ME deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
How qualified is the tenant pool in Freeman, ME?
Expect a solid tenant pool in Freeman, ME. The rental market absorbs $1,107/mo rents without meaningful friction.
You know 04983 now. You don’t know where it ranks.
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