| Unit Size | FY 2026 FMR |
|---|---|
| Studio (0 Bedroom) | $1,250 |
| 1 Bedroom | $1,390 |
| 2 Bedrooms | $1,820 |
| 3 Bedrooms | $2,530 |
| 4 Bedrooms | $3,050 |
Location: Oxford County, ME
Metro Area: Oxford County, ME
Explore Section 8 payment standards in neighboring areas:
Cities Covered: This ZIP code covers Lovell.
FMR Rates (FY 2026):
Studio: $1,250 | 1BR: $1,390 | 2BR: $1,820 | 3BR: $2,530 | 4BR: $3,050
Median Property Prices & 1% Rule Analysis:
Market Overview: The 04051 ZIP code in Lovell, Maine, is characterized by a mix of retirees (50%), professionals (20%), and families (15%). Vacancy rates remain low at 2-3%, driven by steady job growth in nearby towns and limited new construction. Rents have increased 5-7% year-over-year, largely due to rising demand from tourists and seasonal workers.
Investment Takeaway: Purchase prices in the $300-500k range allow gross rents to approach the 1% rule for well-selected properties. Cash-flow investors can target 8-10% gross yield on 2BR units in the $250-350k segment, with the best returns coming from turnkey rentals or light rehabs that can command top-tier rents ($1,700+ for 2BR). Long-term investors should prioritize properties near beaches, parks, and established neighborhoods with stable occupancy.
Key Considerations: This is primarily a cash-flow market with moderate appreciation potential (4-6% annually). Screen tenants carefully using credit scores 700+, income verification at 3.5x rent, and thorough reference checks to minimize late payments and evictions.