Section 8 Fair Market Rent (FMR) for ZIP 04030 - 2027

Location: York County, ME | Metro: York County, ME (part) HUD Metro FMR Area

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,370
1 Bedroom	$1,520
2 Bedrooms	$1,820
3 Bedrooms	$2,500
4 Bedrooms	$2,820
5 Bedrooms	$3,271
6 Bedrooms	$3,664
7 Bedrooms	$3,957
8 Bedrooms	$4,155

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

2,731

Median Household Income

$72,548

Housing Units

1,284

Renter Percentage

15.1%

Occupancy Rate

76.1%

Renter Occupied

148

Housing Authorities Serving ZIP 04030

Sanford Housing Authority (Sanford, ME) - 719 Section 8 vouchers
Biddeford Housing Authority (Biddeford, ME) - 214 Section 8 vouchers

The ZIP code 04030, located in Maine, is a region characterized by its blend of rural charm and accessibility to urban amenities, making it an attractive location for both residents and investors. The area offers a mix of single-family homes and rental properties, catering to diverse housing needs.

The Fair Market Rent (FMR) for a two-bedroom apartment in ZIP 04030 for fiscal year 2024 is set at $1,680. This figure serves as a benchmark for rental pricing and reflects the affordability of the area.
Average market rent for properties in the ZIP code, according to the latest Census American Community Survey (ACS), stands at $1,069. This indicates that the actual rental rates are below the FMR, suggesting potential for modest growth in rental prices.
The median home value in ZIP 04030 is $414,117. This places it slightly above the national average, indicating a healthy real estate market with opportunities for both homeownership and investment.
Renters make up 15.1% of the population in this ZIP code, which is relatively low compared to many urban areas, but still represents a significant portion of the housing demand.
The median household income in the area is $72,548, providing a stable economic foundation that supports consistent rental payments and property values.
Due to limited data availability, the days on market (DOM) for rental listings is noted as N/A. However, the strong local economy and reasonable rental prices suggest that properties in this ZIP code likely attract tenants quickly.

Investors looking to enter the ZIP 04030 market should consider the gap between the FMR and current market rents as a positive indicator for future rental price increases. The relatively low renter share suggests a balanced market where homeownership is common, yet there remains a steady demand for rentals. With a median income that supports rental payments, the area is primed for steady returns on investment. Although specific DOM figures are unavailable, the overall economic health of the region implies a favorable environment for quick property turnover and occupancy.

Data Sources: FMR data from HUD (2027). Demographics from U.S. Census (2024).

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.