Section 8 Fair Market Rent (FMR) for ZIP 04363 - 2027

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

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,150
1 Bedroom	$1,160
2 Bedrooms	$1,510
3 Bedrooms	$1,940
4 Bedrooms	$2,380
5 Bedrooms	$2,761
6 Bedrooms	$3,092
7 Bedrooms	$3,339
8 Bedrooms	$3,506

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

2,690

Median Household Income

$63,178

Housing Units

1,203

Renter Percentage

10.9%

Occupancy Rate

89.0%

Renter Occupied

117

The town of Guilford, located in the heart of Connecticut's shoreline region, encompasses ZIP code 04363. This area is known for its blend of suburban tranquility and proximity to urban amenities, making it attractive for both homeowners and renters. The following analysis provides key insights for landlords and small-portfolio investors looking to understand the rental market dynamics within this ZIP code.

The Fair Market Rent (FMR) for a two-bedroom apartment in the Guilford metro area for fiscal year 2026 is set at $1,530. This figure reflects the upper limit that HUD considers reasonable for low-income households seeking housing assistance through Section 8 programs.
According to the Census American Community Survey (ACS), the average market rent for a similar unit is currently $1,265. This suggests that landlords can potentially increase rents slightly above the market average if they offer high-quality properties that meet or exceed the standards of the Section 8 program.
The median home value in ZIP code 04363 stands at $353,111. This indicates a moderate to high property value range, which could translate into higher property taxes and maintenance costs for investors.
Renters make up 10.9% of the total population, a relatively small share compared to other areas. This implies a competitive rental market where quality and location play crucial roles in attracting tenants.
The median household income in the area is $63,178. This economic indicator suggests that while there is demand for affordable housing, it may be limited to those who qualify for assistance programs like Section 8.

Synthesizing these points, investors in Guilford's rental market should focus on properties that align closely with the Fair Market Rent guidelines to attract Section 8 tenants. With a small renter share and moderate median home values, the competition is fierce, and offering well-maintained, affordable units can help secure long-term tenancy. The current market rent being below the FMR presents an opportunity for landlords to adjust their pricing strategies without overstepping the bounds of affordability for subsidized tenants. Given the median income, targeting the lower end of the rental spectrum will likely yield better occupancy rates and stability. Overall, the investment strategy should emphasize quality and compliance with HUD standards to capitalize on the niche but steady demand for affordable housing in Guilford.

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.