Location: York County, ME | Metro: York County, ME (part) HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,390 |
| 1 Bedroom | $1,540 |
| 2 Bedrooms | $1,840 |
| 3 Bedrooms | $2,530 |
| 4 Bedrooms | $2,850 |
| 5 Bedrooms | $3,306 |
| 6 Bedrooms | $3,703 |
| 7 Bedrooms | $3,999 |
| 8 Bedrooms | $4,199 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $2,530 | $452,393 | 0.56% | F |
U.S. Census Bureau data (2024)
The ZIP code 04087 in Maine stands out due to its relatively low population density and unique economic characteristics. With only 2,250 residents, it has a modest rental market where 13.7% of the population rents their homes. The median income in this ZIP is $98,105, which is above the national average, indicating a higher standard of living. However, the median home value at $410,350 suggests that homeownership is quite expensive relative to the income levels.
In terms of voucher economics, the Fair Market Rent (FMR) for ZIP 04087 for fiscal year 2024 is set at $1,720. This figure is significantly higher than the market rent of $1,186 reported by the Census Bureau's American Community Survey. Landlords and small-portfolio investors should be aware that while the FMR provides a benchmark for rental assistance, the actual market rates are lower. This could mean that properties receiving Section 8 vouchers might be slightly overpriced compared to the general rental market.
The data signature for ZIP 04087 indicates a stable environment. Despite the high median home values, the income level supports a steady housing market. The relatively low percentage of renters and the gap between FMR and market rent suggest a balanced situation where landlords can benefit from the higher voucher rates without significant risk of vacancy. For those looking to invest in this area, the current economic indicators point towards a predictable and stable investment climate.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). Demographics from U.S. Census (2024).
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.