| Unit Size | FY 2026 FMR |
|---|---|
| Studio (0 Bedroom) | $1,520 |
| 1 Bedroom | $1,720 |
| 2 Bedrooms | $2,210 |
| 3 Bedrooms | $2,690 |
| 4 Bedrooms | $2,930 |
Location: Cumberland County, ME
Metro Area: Cumberland County, ME (part) HUD Metro FMR Area
Explore Section 8 payment standards in neighboring areas:
Cities Covered: This ZIP code covers Freeport, Cumberland.
FMR Rates (FY 2026):
Studio: $1,520 | 1BR: $1,720 | 2BR: $2,210 | 3BR: $2,690 | 4BR: $2,930
Median Property Prices & 1% Rule Analysis:
Market Overview: The 04032 ZIP code in Cumberland County, Maine is a suburban area with a mix of young professionals (40%), families (35%), and retirees (25%). Vacancy rates are relatively low at 2-3%, and rents have increased by 6-8% year-over-year due to steady job growth in nearby Portland. The area is driven by the local economy, with major employers including L.L.Bean and Hannaford Bros. Co. This market is stable, but investors should be aware of potential appreciation risks as prices rise.
Investment Takeaway: Prices between $400-550k allow for gross rents to approach the 1% rule in this area. Investors targeting 8-10% gross yield on 2BR units can focus on the $425-525k segment, with top-tier rentals commanding above $1,900/month. Long-term investors should prioritize properties near major employers and established neighborhoods with stable occupancy. Budget 10-12% of purchase price annually for maintenance, property taxes, and vacancy reserves to ensure positive cash flow.
Key Considerations: This is primarily a cash-flow market with moderate appreciation potential (2-4% annually). Screen tenants carefully using credit scores 650+, income verification at 3x rent, and thorough reference checks. Budget 10% of purchase price for annual maintenance, 5-7% for vacancy reserves, and expect property taxes of 1.8-2.2% of assessed value. Late or unpaid rent is the dominant risk in this market, so tenant quality trumps cosmetic upgrades.