Location: York-Kittery-South Berwick, ME | Metro: York-Kittery-South Berwick, ME HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,390 |
| 1 Bedroom | $1,530 |
| 2 Bedrooms | $2,000 |
| 3 Bedrooms | $2,380 |
| 4 Bedrooms | $3,330 |
| 5 Bedrooms | $3,863 |
| 6 Bedrooms | $4,327 |
| 7 Bedrooms | $4,673 |
| 8 Bedrooms | $4,907 |
The ZIP code 03804, located within the York-Kittery-South Berwick, ME HUD Metro FMR Area, has an estimated Fair Market Rent (FMR) of $1520 for fiscal year 2024. This figure is crucial for landlords and small-portfolio investors operating in this area as it sets the benchmark for rental pricing.
Comparatively, the typical ZIP codes within the York-Kittery-South Berwick, ME HUD Metro FMR Area have similar or slightly higher FMRs, which suggests that ZIP 03804 aligns closely with the broader regional market trends. The absence of specific market rent and home value data for ZIP 03804 indicates that there may be limited public records available, making direct comparisons challenging without additional research.
Given the available data, ZIP 03804 appears to be a mid-tier neighborhood within its metro. The FMR of $1520 is neither exceptionally low nor high compared to other ZIP codes in the area, implying a balanced market where rents are reflective of the average within the York-Kittery-South Berwick region.
The lack of information on the renter share percentage means we cannot definitively identify if ZIP 03804 represents a sweet spot for Section 8 properties based on the high renter share theory. However, the alignment of its FMR with the typical range of the metro suggests that it is a stable investment option, suitable for landlords looking to maintain consistent cash flows without the volatility associated with premium or value pockets.
To conclude, while ZIP 03804 lacks detailed market rent and home value data, its FMR of $1520 places it squarely within the mid-tier category of the York-Kittery-South Berwick, ME HUD Metro FMR Area. Landlords should consider this ZIP code as a reliable investment opportunity, given its adherence to regional averages and the stability such consistency can offer.
Data Sources: FMR data from HUD (2027).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.