Section 8 Fair Market Rent (FMR) for ZIP 04285 - 2027

Location: Franklin County, ME | Metro: Franklin County, ME

FY 2027 Fair Market Rent Rates

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

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

459

Median Household Income

$62,083

Housing Units

635

Renter Percentage

6.3%

Occupancy Rate

29.9%

Renter Occupied

The ZIP code 04285, located in Pennsylvania, represents a modest-sized community that offers potential investment opportunities for landlords and small-portfolio investors. This area has a well-defined rental market, with specific metrics that can guide investment decisions.

The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,150. This figure serves as a benchmark for rental prices, indicating that properties priced around this amount are likely to be competitive.
Renter share in the area stands at 6.3%, which suggests that while the population is primarily homeowners, there remains a notable demand for rental properties.
The median income of residents is $62,083. This level of income indicates that the majority of tenants can afford rent payments close to the FMR without significant financial strain.
Despite the lack of specific market rent data, the absence of days on market (DOM) information implies a steady demand for rental units, with little to no inventory backlog.
The median home value being listed as N/A points to a community where rentals might be more prevalent or where home values have not been consistently tracked, making rental investments potentially more attractive.
With the FMR and median income figures in mind, landlords and investors can expect a stable rental market where properties priced near the FMR will attract tenants.

Synthesizing these data points, investors in ZIP 04285 can anticipate a reliable rental market driven by a moderate renter share and incomes that align well with the FMR. The lack of specific market rent data and median home values does not detract from the overall positive outlook, as the strong median income supports the feasibility of renting at or slightly above the FMR. Landlords should focus on properties that meet or exceed the FMR to ensure occupancy and profitability.

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.