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 ZIP code 04262 corresponds to North Jay, a small town in Franklin County, Maine. Due to limited census data, specific figures for population, percentage of renters, median income, and median home value are not available. However, it is known that North Jay is a rural area with characteristics typical of small towns in Maine.
In terms of rent economics, the Fair Market Rent (FMR) for a two-bedroom home in the metro area for fiscal year 2026 is $1,320. Unfortunately, there is no recent data available on the market rent for ZIP code 04262, which makes direct comparison challenging. However, given the rural nature of North Jay, market rents are likely to be below the FMR figure, aligning with the trend observed in similar rural areas.
Considering these factors, ZIP code 04262 may suit a hands-off voucher operator more than a hands-on value-add buyer. The lack of detailed demographic data suggests a stable, low-demand market, making it less suitable for aggressive investment strategies aimed at increasing property values through renovations or upgrades. Instead, properties in this area would likely perform well under a management style focused on maintaining quality and ensuring compliance with housing voucher programs.
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.