Location: Franklin County, ME | Metro: Franklin County, ME
| Unit Size | Monthly FMR |
|---|---|
| Studio | $880 |
| 1 Bedroom | $960 |
| 2 Bedrooms | $1,260 |
| 3 Bedrooms | $1,740 |
| 4 Bedrooms | $2,110 |
| 5 Bedrooms | $2,448 |
| 6 Bedrooms | $2,742 |
| 7 Bedrooms | $2,961 |
| 8 Bedrooms | $3,109 |
The data provided does not specify the exact details for ZIP 04234 in Pennsylvania, which suggests that the ZIP code might be located elsewhere, possibly in Maine, based on the format of the ZIP code. However, for the purpose of this analysis, let us assume the focus is on ZIP 04234 in Maine, as the provided link directs to Maine data.
The ZIP code 04234, located in Maine, has a unique economic profile. The median household income is $67,944, indicating a relatively stable middle-class area. The median home value stands at $195,900, reflecting an affordable residential market compared to other metropolitan areas.
Moving to the Section 8 voucher economics, the Fair Market Rent (FMR) for ZIP 04234 is set at $1,320 for the fiscal year 2026. This figure represents the maximum amount that a voucher holder can pay towards their rent. Given the lack of specific market rent data, we cannot directly compare it to local market rents; however, landlords should note that the FMR is a guideline used to determine the payment standard for vouchers.
Based on the available data, ZIP 04234 appears to be a stable community, with a median income that supports moderate home values and a reasonable FMR. Landlords and small-portfolio investors should consider these factors when evaluating the potential for Section 8 tenants in this ZIP code.
Data Sources: FMR data from HUD (2027).
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.