Section 8 Fair Market Rent (FMR) for ZIP 04095 - 2026

Market Analysis for ZIP 04095

Cities Covered: This ZIP code covers Maplewood, Windham.

FMR Rates (FY 2026):
Studio: $1,290 | 1BR: $1,420 | 2BR: $1,730 | 3BR: $2,310 | 4BR: $2,580

Median Property Prices & 1% Rule Analysis:

• 2BR Properties: Median price ~$310,000
  1% Rule: $1,730 ÷ $310,000 = 0.53% 👍 Meets 1% Rule
• 3BR Properties: Median price ~$390,000
  1% Rule: $2,310 ÷ $390,000 = 0.00% 👎 Below 1% Rule

Market Overview: The 04095 ZIP code is a suburban area with a growing population of families and young professionals. The demographic breakdown shows 40% renters are families, followed by professionals (30%), students (10%), and service workers (20%). Vacancy rates remain low at 2-3%, while rents have increased 6-8% year-over-year due to strong demand and limited supply. Market drivers include the nearby Portland metropolitan area's growing economy.

Investment Takeaway: Purchase prices in the $300-400k range offer gross yields of 7-9% on 2BR units, while 3BR properties in the $400-500k segment can achieve 8-10%. Turnkey investors should target rent levels above $1,800 for 2BR and $2,200 for 3BR. Budget 12-15% of purchase price annually for maintenance, property taxes, and vacancy reserves to ensure positive cash flow.

Key Considerations: This is a cash-flow market with moderate appreciation potential (4-6%). Screen tenants carefully using credit scores 700+, 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.