Section 8 Fair Market Rent (FMR) for ZIP 04054 - 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 | $1,420 |
| 1 Bedroom | $1,570 |
| 2 Bedrooms | $1,880 |
| 3 Bedrooms | $2,580 |
| 4 Bedrooms | $2,910 |
| 5 Bedrooms | $3,376 |
| 6 Bedrooms | $3,781 |
| 7 Bedrooms | $4,083 |
| 8 Bedrooms | $4,287 |
To determine if you should buy in ZIP 04054 for Section 8, follow this decision tree:
- Does the Fair Market Rent (FMR) of $1440 cover debt service on a property?
- If yes: Proceed to the next question.
- If no: Do not purchase a property in ZIP 04054 for Section 8 purposes.
- Is the market rent above, at, or below the FMR?
- If market rent is above FMR: It depends on the specific rental rates and how much they exceed the FMR. You must ensure that the higher market rents can still attract Section 8 tenants.
- If market rent is at or below FMR: This indicates that properties in ZIP 04054 are priced competitively for Section 8, making it a viable option.
- Are there enough renters and days on the market (DOM) to meet demand?
- If the percentage of renters is high and DOM is low: There is sufficient demand for rentals in ZIP 04054, which supports investment in Section 8 properties.
- If the percentage of renters is low and DOM is high: The demand for rentals is insufficient, and investing in Section 8 properties may not be profitable.
Note: Specific percentages and DOM figures are required to make a definitive recommendation. Without these details, the decision hinges on whether the FMR adequately covers debt service and aligns with market rents.
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.