Location: York County, ME | Metro: Portland, ME 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 | $1,570 |
| 1 Bedroom | $1,790 |
| 2 Bedrooms | $2,260 |
| 3 Bedrooms | $2,790 |
| 4 Bedrooms | $2,970 |
| 5 Bedrooms | $3,445 |
| 6 Bedrooms | $3,858 |
| 7 Bedrooms | $4,167 |
| 8 Bedrooms | $4,375 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $2,790 | $495,343 | 0.56% | F |
| 4BR | $2,970 | $551,078 | 0.54% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 04093 in fiscal year 2024 is set at $1,850. This figure represents the maximum amount that a landlord can charge for a Section 8 rental unit, which is subsidized by the government. It's important to note that this is the payment standard, not necessarily the rent that tenants will pay out-of-pocket.
In comparison, the average rent for the area, according to the Census Bureau's American Community Survey, is $1,613. This indicates that the FMR is slightly higher than the typical market rate, providing an incentive for landlords to participate in the program. However, it also means that landlords should be aware of the local rental market when setting their rates.
The percentage of renters in ZIP 04093 is 19.7%, suggesting a moderate demand for rental properties. While this percentage is not exceptionally high, it does indicate a stable rental market with enough potential tenants to consider a Section 8 property.
For those looking to acquire a property in this area, the median home value is around $463,943. This figure reflects the typical price of homes in the area and should be considered when evaluating the financial feasibility of purchasing a property for a Section 8 rental.
Before committing to a Section 8 rental, it's crucial to verify that the property meets all necessary inspection criteria. The housing unit must pass a quality inspection, ensuring it adheres to basic health and safety standards. This verification step is essential because failing the inspection can delay the start of your rental income or even prevent you from participating in the program.
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.