Location: Sagadahoc County, ME | Metro: Lewiston-Auburn, ME MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,420 |
| 1 Bedroom | $1,510 |
| 2 Bedrooms | $1,970 |
| 3 Bedrooms | $2,490 |
| 4 Bedrooms | $2,890 |
| 5 Bedrooms | $3,352 |
| 6 Bedrooms | $3,754 |
| 7 Bedrooms | $4,054 |
| 8 Bedrooms | $4,257 |
U.S. Census Bureau data (2024)
The ZIP code 04252, located in Lisbon Falls, ME, stands out in Androscoggin County with its distinct demographic and economic characteristics. With a population of 4,968 residents, 26.2% of whom rent their homes, the area has a median household income of $73,476 and a median home value of $329,784. These figures suggest a relatively stable community where homeownership is more common than renting.
When it comes to Section 8 voucher economics, the data reveals an interesting disparity. The Fair Market Rent (FMR) for ZIP 04252 in fiscal year 2024 is set at $1260, while the average market rent is reported to be $972 according to the Census American Community Survey (ACS). This means that landlords who accept Section 8 vouchers can potentially receive a higher rental income compared to the local market rate, making it an attractive option for those looking to secure tenants in a competitive environment.
The data signature for ZIP 04252 indicates a stable community. The high median home value and moderate percentage of renters suggest a steady demand for both rental and owned properties. Landlords and small-portfolio investors should consider the benefits of accepting Section 8 vouchers, as they offer a guaranteed income stream that exceeds the typical market rent. This can help stabilize cash flow and reduce vacancy rates, especially in areas where there is a mix of affordable and higher-priced housing options.
To summarize, ZIP 04252 presents a stable environment for real estate investment, with Section 8 vouchers offering a financial advantage over market rents. For landlords, this can translate into a reliable source of income and a reduced risk of vacancy, making it a strategic choice in the current economic landscape of Lisbon Falls.
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.