Is Hallowell, ME a good place to invest in rental property?

Hallowell, ME has a median modeled monthly cash flow of $-1,387 and a median cap rate of 2.7%, on a median sold price of $398,000. Prices changed -6.3% year over year.

What is the average cap rate in Hallowell, ME?

The median cap rate across recently sold homes in Hallowell, ME is 2.7%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Hallowell, ME?

The median sold price in Hallowell, ME is $398,000 (about $209 per square foot).

Investing in Hallowell, ME Real Estate

A data-driven snapshot of the Hallowell, ME rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$398,000Median sold price

$209Median $/sqft

2.7%Median cap rate

$-1,387Modeled cash flow / mo

-6.3%Appreciation YoY

5.0Months of supply

31Active listings

75Sold (last 12 mo)

What the Hallowell numbers say

In Hallowell, ME, the median home sold for $398,000 (about $209 per square foot), and the typical deal models out to a 2.7% cap rate with a median $-1,387 of monthly cash flow. Sold prices moved -6.3% over the past year. Inventory sits at about 5.0 months of supply. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Maine markets to compare

See Hallowell cash-flowing listings

CashFlowRE ranks every for-sale home in Hallowell, ME by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Hallowell deals, or browse the national market data.