Location: Kennebec County, ME | Metro: Kennebec County, ME
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,140 |
| 1 Bedroom | $1,170 |
| 2 Bedrooms | $1,530 |
| 3 Bedrooms | $1,960 |
| 4 Bedrooms | $2,290 |
| 5 Bedrooms | $2,656 |
| 6 Bedrooms | $2,975 |
| 7 Bedrooms | $3,213 |
| 8 Bedrooms | $3,374 |
U.S. Census Bureau data (2024)
ZIP code 04284, located in Kennebec County, Maine, serves as an ideal cash-flow anchor within a Section 8 portfolio strategy. The Federal Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,690, significantly higher than the current market rent of $983. This creates a substantial spread that benefits landlords participating in the Section 8 program.
The guaranteed rental income through the Section 8 program ensures steady cash flow, making it an excellent choice for small-portfolio investors looking for reliable returns. With a median home value of $349,596, the area also reflects stability and a lower risk of property devaluation compared to volatile markets. Landlords can expect consistent occupancy rates and timely rent payments, reducing the financial burden associated with vacancies and delinquencies.
While there is no specific percentage given for price-cut share or days on market (DOM), the significant difference between FMR and market rent indicates a strong demand for affordable housing options. This demand supports the viability of the Section 8 program in the area, further cementing its role as a cash-flow anchor.
The ZIP code's 10.1% renter share and median income of $93,194 suggest that it offers limited potential as a pure appreciation play. However, these factors contribute to its diversification appeal within a broader investment strategy. The relatively high median income implies a stable economic environment, which can support property values over time, adding a layer of security to the investment.
In summary, ZIP 04284 acts primarily as a cash-flow anchor due to the favorable spread between the FMR and market rent, ensuring landlords receive a fixed income that exceeds local market rates. This makes it a valuable component of a diversified Section 8 portfolio strategy, offering both immediate financial benefits and long-term stability.
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.