Section 8 Fair Market Rent (FMR) for ZIP 04276 - 2027

Location: Oxford County, ME | Metro: Oxford County, ME

Investment Score for ZIP 04276

N/A

Monthly Rent (2BR)

$1,170

Median Price (2BR)

$N/A

1% Rule

Annual Yield

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$810
1 Bedroom	$900
2 Bedrooms	$1,170
3 Bedrooms	$1,630
4 Bedrooms	$1,960
5 Bedrooms	$2,274
6 Bedrooms	$2,547
7 Bedrooms	$2,751
8 Bedrooms	$2,889

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
3BR	$1,630	$202,955	0.8%	C

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

5,942

Median Household Income

$38,403

Housing Units

3,410

Renter Percentage

36.9%

Occupancy Rate

78.9%

Renter Occupied

994

When considering whether to invest in ZIP code 04276 for Section 8 properties, follow these steps:

Step 1: Can the Fair Market Rent (FMR) of $1,030 cover the debt service on a $175,530 property?

No: The FMR of $1,030 does not clear the debt service on a property valued at $175,530. With an average monthly mortgage payment around $800-$900 based on typical interest rates, the remaining amount available for expenses and profit would be insufficient. This makes ZIP 04276 unattractive for Section 8 investment at this price point.

Step 2: How does the market rent of $803 compare to the FMR?

Below FMR: The market rent of $803 is below the FMR of $1,030. This indicates that Section 8 tenants might find the rents affordable, but landlords will need to ensure they can charge closer to the FMR to meet financial goals. However, since the market rent is lower, there's a risk of overpricing and reducing demand.

Step 3: Is the rental demand sufficient given 36.9% of residents are renters and the days on market (DOM) data is not available?

It Depends: With 36.9% of residents being renters, there is a moderate level of demand. However, without DOM data, it's difficult to assess how quickly properties are rented out. A high DOM could indicate weak demand, making it less favorable for Section 8 investments. Conversely, a low DOM suggests strong demand and a good opportunity. Additionally, consider other factors such as vacancy rates, which were not provided in the data.

In conclusion, ZIP 04276 presents a mixed picture for Section 8 investment. While the market rent is below the FMR, indicating potential affordability for tenants, the FMR does not sufficiently cover debt service on a $175,530 property. Rental demand is moderate but requires further investigation into DOM and vacancy rates to make a definitive recommendation. Landlords must weigh these factors carefully before deciding to purchase in this area.

Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.