Section 8 Fair Market Rent (FMR) for ZIP 04084 - 2026

Market Analysis for ZIP 04084

Cities Covered: This ZIP code covers Standish, North Waterford, Pejepscot.

FMR Rates (FY 2026):
Studio: $1,400 | 1BR: $1,580 | 2BR: $2,020 | 3BR: $2,460 | 4BR: $2,690

Median Property Prices & 1% Rule Analysis:

• 2BR Properties: Median price ~$285,000
  1% Rule: $2,020 ÷ $285,000 = 0.46% 👎 Below 1% Rule
• 3BR Properties: Median price ~$375,000
  1% Rule: $2,460 ÷ $375,000 = 0.48% 👎 Below 1% Rule

Market Overview: The 04084 ZIP code is a stable rental market with a mix of long-time residents (40%), young professionals (30%), and service-industry workers (30%). Vacancy rates remain tight at 2-3%, driven by limited new construction. Year-over-year rent growth has been moderate, around 4-5%, due to steady job growth in nearby employment centers. Key market drivers include the expansion of local industries like healthcare and education. However, property values have increased rapidly over the past two years, creating a risk for investors who do not carefully select their properties.

Investment Takeaway: Investors can target 7-9% gross yield on 2BR units in the $250-350k range, focusing on turnkey rentals or light rehabs that command top-tier rents ($1,800+). 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.