Location: Oxford County, ME | Metro: Oxford County, ME
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,190 |
| 1 Bedroom | $1,330 |
| 2 Bedrooms | $1,710 |
| 3 Bedrooms | $2,370 |
| 4 Bedrooms | $2,860 |
| 5 Bedrooms | $3,318 |
| 6 Bedrooms | $3,716 |
| 7 Bedrooms | $4,013 |
| 8 Bedrooms | $4,214 |
U.S. Census Bureau data (2024)
32.2% of residents in ZIP code 04255 (, PA) are renters, indicating a significant portion of the population relies on rental housing. This statistic is crucial for landlords and small-portfolio investors looking to enter or expand their presence in this market. The $1,263 market rent figure, derived from Census ACS data, shows what tenants are currently paying, which can be compared against the $1,700 Fair Market Rent (FMR) for the metro area in fiscal year 2026. This comparison highlights a potential gap where landlords could increase rents without significantly deterring tenants.
The $308,947 median home value suggests a middle-class neighborhood, which aligns well with the $75,938 median income. These figures indicate that the local economy supports homeownership and moderate rental prices, making it an attractive area for investment. Despite the lack of specific data on days on market (DOM) and the percentage of listings that have had their prices cut, the overall economic stability and renter demographics point towards a steady demand for rental properties.
Investors should note that while the market rent is lower than the FMR, the median income supports higher rent levels, suggesting that tenants might be willing to pay closer to the FMR if necessary. This scenario presents opportunities for landlords to potentially increase their revenue without facing significant resistance from tenants.
In conclusion, ZIP 04255 (, PA) offers a stable investment environment with a substantial renter base and a supportive median income level. The current market rent is below the FMR, presenting a chance for landlords to adjust their pricing strategies. Given these factors, the verdict for Section 8 participation in this ZIP code is positive, as it aligns with the economic conditions and provides a reliable source of income for property owners.
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.