Location: Oxford County, ME | Metro: Oxford County, ME
| 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 |
U.S. Census Bureau data (2024)
The ZIP code 04289 in Pennsylvania is primarily characterized by a modest rental market. With a population of 1,808, only 19.1% are renters, indicating that this area is not heavily dominated by rental housing. This suggests that the depth of Section 8 voucher demand is relatively shallow compared to more renter-heavy ZIP codes.
The median household income in ZIP 04289 stands at $56,324. The typical market rent of $838 represents approximately 15% of the local median income. This percentage is calculated by dividing the market rent by the median income and multiplying by 100. In comparison, the Fair Market Rent (FMR) set at $1,220 for the fiscal year 2026, which is higher than the current market rent, indicates that rents are below the federally determined fair market rate for the metro area.
A landlord in ZIP 04289 should anticipate tenants who are likely to be relying on Section 8 vouchers due to the lower income levels and the fact that the market rent is significantly less than the FMR. These tenants will be seeking affordable housing options, and the presence of vouchers can help them afford the average rent in the area. Given the lower proportion of renters, competition for rental properties among voucher holders could be moderate, but landlords should still prepare for a tenant pool that includes those who benefit from federal housing assistance programs.
To summarize, ZIP 04289 is not a renter-heavy area, with a majority of residents owning homes rather than renting. However, the rental market exists, and it is influenced by the availability of Section 8 vouchers. Landlords should expect tenants who need financial assistance to cover their housing costs, making up a significant portion of the rental demand in this ZIP code.
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.