Section 8 Fair Market Rent (FMR) for ZIP 04346 - 2027

Location: Kennebec County, ME | Metro: Kennebec County, ME

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,090
1 Bedroom	$1,090
2 Bedrooms	$1,430
3 Bedrooms	$1,840
4 Bedrooms	$2,260
5 Bedrooms	$2,622
6 Bedrooms	$2,937
7 Bedrooms	$3,172
8 Bedrooms	$3,331

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

1,610

Median Household Income

$66,574

Housing Units

914

Renter Percentage

22.5%

Occupancy Rate

84.7%

Renter Occupied

174

ZIP code 04346, located in Maine, represents a modest residential area with a mix of rental and owned properties. The local economy is stable, with a median income that supports both homeownership and affordable rental living. Real estate in this region is influenced by federal guidelines such as the Fair Market Rent (FMR), which set benchmarks for rental prices.

The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,500.
The average market rent, according to the Census Bureau's American Community Survey (ACS), stands at $1,186.
The median home value in the area is $267,021, indicating a middle-class neighborhood.
Renters make up 22.5% of the population, showing a significant but not overwhelming demand for rental properties.
The median household income in the area is $66,574, providing a solid financial foundation for residents to afford housing costs.

The analysis suggests that while the Fair Market Rent sets a higher benchmark at $1,500, the actual market rent is lower at $1,186, reflecting a competitive rental market. With a median home value of $267,021, the area is attractive for homeownership, but the 22.5% renter share indicates there is still a notable segment of the population seeking rentals. Given the median income of $66,574, landlords can expect tenants to have the means to pay reasonable rents, making this ZIP code a viable investment opportunity for those interested in steady, moderate returns. However, investors should be aware of the competitive nature of the rental market and adjust their expectations accordingly.

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.