Location: Cumberland County, ME | Metro: Cumberland County, ME (part) HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,210 |
| 1 Bedroom | $1,350 |
| 2 Bedrooms | $1,700 |
| 3 Bedrooms | $2,220 |
| 4 Bedrooms | $2,740 |
| 5 Bedrooms | $3,178 |
| 6 Bedrooms | $3,559 |
| 7 Bedrooms | $3,844 |
| 8 Bedrooms | $4,036 |
U.S. Census Bureau data (2024)
The ZIP code 04091, located in Cumberland County, ME (part) HUD Metro FMR Area, can be considered an appreciation play within a Section 8 portfolio strategy. Although the cash-flow aspect is limited due to the lack of available market data for median home values and the fact that the Fair Market Rent (FMR) for FY 2024 is set at $1500, there are other factors that make this area attractive for long-term investment.
The median income in ZIP 04091 is $78,750, which indicates a relatively stable economic base. With 11.9% of the population being renters, there is a steady demand for rental properties. This demographic suggests that while the immediate cash flow might not be as robust compared to areas with higher median home values, the potential for property appreciation is significant. The lack of specific data on price-cut shares and days on market (DOM) does not negate the historical trend of property value increases in economically stable regions.
A key consideration for Section 8 landlords and small-portfolio investors is the predictability of rental income through government subsidies. In ZIP 04091, the $1500 FMR for FY 2024 provides a reliable baseline for rental income. While this figure alone does not ensure high cash flow, it supports the argument for focusing on appreciation. Investors should look at the broader economic indicators and trends within the area to gauge future growth potential.
In conclusion, ZIP 04091 is best suited as an appreciation play within a Section 8 portfolio strategy. The combination of a stable median income and the guaranteed rental income from the $1500 FMR allows investors to hold onto properties for longer periods, benefiting from the gradual increase in property values over time. This approach is particularly effective for those who are willing to take a longer view on their investments and are less focused on immediate cash flow gains.
Data Sources: FMR data from HUD (2027). 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.