Location: Oxford County, ME | Metro: Oxford County, ME
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $910 |
| 1 Bedroom | $1,010 |
| 2 Bedrooms | $1,300 |
| 3 Bedrooms | $1,800 |
| 4 Bedrooms | $2,170 |
| 5 Bedrooms | $2,517 |
| 6 Bedrooms | $2,819 |
| 7 Bedrooms | $3,045 |
| 8 Bedrooms | $3,197 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,300 | $254,880 | 0.51% | F |
| 3BR | $1,800 | $310,360 | 0.58% | F |
U.S. Census Bureau data (2024)
The ZIP code 04281, located in South Paris, ME, within the Oxford County, ME metro, presents a unique profile when compared to typical ZIP codes in the same county. With a Fair Market Rent (FMR) of $1,390 for fiscal year 2026, it stands out as a notable figure. However, the absence of specific market rent data for 04281 limits direct comparisons with other ZIP codes in the area.
The median home value in 04281 is $295,212, which is a key metric for understanding the real estate landscape. This figure can be used to infer that 04281 might be considered a mid-tier neighborhood within its metro, assuming that the median home value of Oxford County, ME, falls within a similar range. If the typical median home value in the county is higher, then 04281 could be seen as a value pocket; if lower, it would suggest a premium sub-market status.
A significant aspect to consider is the 39.8% renter share in 04281. This high percentage of renters often indicates a strong demand for rental properties, which can be beneficial for landlords and small-portfolio investors. A high renter share combined with a below-average home value relative to the metro can signal a potential sweet spot for Section 8 investments, as it suggests an area where rental subsidies can make up a substantial portion of the rent charged.
To definitively categorize 04281 as a value pocket, mid-tier neighborhood, or premium sub-market within the Oxford County, ME metro, additional data on the average FMR and median home values across the county would be necessary. The existing data points towards a scenario where 04281 could be particularly attractive for Section 8 investments due to its high renter share and specific FMR figures.
Landlords and small-portfolio investors should take note of the following:
These figures provide a solid foundation for making informed investment decisions within the Oxford County, ME metro, focusing on the potential benefits of the high renter share and the specific FMR for 04281.
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.