Location: Portland, ME | Metro: Portland, ME HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,630 |
| 1 Bedroom | $1,850 |
| 2 Bedrooms | $2,340 |
| 3 Bedrooms | $2,890 |
| 4 Bedrooms | $3,080 |
| 5 Bedrooms | $3,573 |
| 6 Bedrooms | $4,002 |
| 7 Bedrooms | $4,322 |
| 8 Bedrooms | $4,538 |
To classify ZIP code 04082 in Maine, we must rely on the available data points for a comprehensive analysis. The Fair Market Rent (FMR) for 2024 is set at $1940, which represents the maximum amount a tenant could be expected to pay under the Section 8 program. However, the lack of specific market rent and home value data complicates a direct comparison for yield potential.
The FMR figure of $1940 provides a baseline for rental income expectations. Without comparative market rent data, it's challenging to determine if there's a significant premium or discount relative to what landlords might otherwise receive. Similarly, the absence of median home values means we cannot assess the capital appreciation potential or compare against rental yields.
Regarding stability, the data is incomplete. We do not have percentages of renters, days on the market (DOM), or median household income figures, which are critical for understanding the financial health and housing market dynamics of the area. These missing pieces make it difficult to gauge the likelihood of consistent occupancy and payment patterns.
In summary, ZIP 04082 presents itself as a market with known guaranteed rental income through the Section 8 program but lacks sufficient data to fully evaluate its yield potential against non-subsidized investments. Stability metrics are also insufficient to provide a clear picture of the area's financial predictability and tenant reliability. Therefore, this market falls into an ambiguous category, neither clearly defined as a high-yield/low-stability flip-style market nor as a steady-cashflow zone. It leans towards being a reliable cash-flow generator due to the Section 8 guarantee, but further investigation is necessary to fully understand its investment characteristics.
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.