Location: Oxford County, ME | Metro: Oxford County, ME
| Unit Size | Monthly FMR |
|---|---|
| Studio | $850 |
| 1 Bedroom | $950 |
| 2 Bedrooms | $1,220 |
| 3 Bedrooms | $1,690 |
| 4 Bedrooms | $2,040 |
| 5 Bedrooms | $2,366 |
| 6 Bedrooms | $2,650 |
| 7 Bedrooms | $2,862 |
| 8 Bedrooms | $3,005 |
ZIP 04016 (Oxford County, ME metro) can serve as a cash-flow anchor in a Section 8 portfolio strategy. The Fair Market Rent (FMR) for a $1,300 metro unit in fiscal year 2026 is set at $525K, according to recent data. Given the lack of market rate and median home value specifics, the FMR serves as a reliable benchmark for rental income.
The median sale price for ZIP 04016 is $585,000, indicating a stable investment base. With a median income figure not provided, it's important to note that the ZIP code has a moderate risk of flooding and wildfire, affecting 19% and 6% of properties, respectively, over the next 30 years. However, the climate factors do not significantly detract from the potential as a cash-flow anchor, given the strong demand for affordable housing units in this area.
The limited data suggests that the housing market in ZIP 04016 is relatively stable, with no significant appreciation play or diversification opportunity evident. Therefore, focusing on the FMR as a means to secure steady rental income aligns well with the strategy of building a portfolio that includes cash-flow anchors.
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.