Location: Oxford County, ME | Metro: Oxford County, ME
| Unit Size | Monthly FMR |
|---|---|
| Studio | $920 |
| 1 Bedroom | $1,030 |
| 2 Bedrooms | $1,330 |
| 3 Bedrooms | $1,840 |
| 4 Bedrooms | $2,220 |
| 5 Bedrooms | $2,575 |
| 6 Bedrooms | $2,884 |
| 7 Bedrooms | $3,115 |
| 8 Bedrooms | $3,271 |
U.S. Census Bureau data (2024)
The ZIP code 04292 in Pennsylvania stands out due to its unique demographic and economic characteristics. With only 845 residents, it has a low population density, yet 8.9% of these residents are renters. The median income in this area is $57,750, which is relatively modest compared to the median home value of $245,268. This suggests that homeownership is significantly more expensive relative to income levels in this ZIP code.
Moving to the specifics of Section 8 voucher economics, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,400. However, the market rent for ZIP 04292 is not available, indicating a potential gap in data that could be crucial for understanding the rental market dynamics here. Despite this lack of information, the FMR provides a benchmark for affordable housing standards.
Given the limited data, it's challenging to make definitive statements about the stability or transitional nature of the ZIP 04292 housing market. However, the high median home value coupled with the modest median income points towards a potentially stable but less dynamic rental market. Landlords and small-portfolio investors should carefully consider the local demand for rentals and the availability of Section 8 vouchers when making investment decisions in this area.
To summarize, ZIP 04292 offers a niche opportunity for those interested in the rental market, especially considering the high cost of homeownership. The data signature leans towards being stable rather than transitional, though further analysis would be needed to confirm this assessment.
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.