Location: Cumberland County, ME | Metro: Lewiston-Auburn, ME MSA
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 | $1,400 |
| 1 Bedroom | $1,480 |
| 2 Bedrooms | $1,900 |
| 3 Bedrooms | $2,400 |
| 4 Bedrooms | $2,870 |
| 5 Bedrooms | $3,329 |
| 6 Bedrooms | $3,728 |
| 7 Bedrooms | $4,026 |
| 8 Bedrooms | $4,227 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,900 | $351,481 | 0.54% | F |
| 3BR | $2,400 | $455,978 | 0.53% | F |
| 4BR | $2,870 | $518,619 | 0.55% | F |
U.S. Census Bureau data (2024)
The ZIP code 04222, located in Durham, ME, presents an interesting scenario when considering rental affordability and the potential impact on landlords. The median income for households in this area is $99,181. However, due to limited market rate data, it's challenging to provide a direct comparison between median incomes and typical rental prices. Despite this, we can analyze the situation using the Fair Market Rent (FMR) standard set by the federal government for vouchers.
The voucher payment standard for ZIP 04222 for fiscal year 2024 is $1350. This figure represents the maximum amount that a voucher holder can pay towards their rent, which is based on the FMR. Given the median income and the lack of precise market rate data, it's reasonable to infer that a significant portion of the population might find it difficult to afford market-rate rentals without assistance, especially if those rates exceed the voucher standard.
Durham has a relatively low percentage of renters at 4.6%, with a total population of 4,262. This means that the rental market is quite competitive, with a smaller pool of potential tenants. For landlords, this implies that securing a tenant might be more challenging if they rely solely on cash-paying individuals who can afford higher rents. On the other hand, accepting Section 8 vouchers could provide a steady stream of tenants willing to pay the federally regulated amount.
The affordability gap, where the median income does not necessarily align with the ability to pay market-rate rents, suggests that many households in Durham would benefit from rental assistance programs. Landlords who consider accepting vouchers will likely have a better chance of filling vacancies compared to those who do not, given the limited number of renters in the area.
Takeaway for landlords: In Durham, ME, accepting Section 8 vouchers is a strategic move. It ensures a consistent and reliable source of tenants, particularly in a market where the percentage of renters is low and the affordability gap is significant. While the voucher payment of $1350 may not match the highest market rates, it provides stability and reduces vacancy periods, making it a practical choice for landlords looking to maintain occupancy in a challenging rental environment.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.