Location: Piscataquis County, ME | Metro: Piscataquis County, ME
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,020 |
| 1 Bedroom | $1,120 |
| 2 Bedrooms | $1,460 |
| 3 Bedrooms | $1,750 |
| 4 Bedrooms | $1,920 |
| 5 Bedrooms | $2,227 |
| 6 Bedrooms | $2,494 |
| 7 Bedrooms | $2,694 |
| 8 Bedrooms | $2,829 |
U.S. Census Bureau data (2024)
The ZIP code 04406 in Cumberland County, Maine, stands out with a population of 675 residents, where 26.8% are renters. The median household income in this area is $53,438, while the median home value is notably higher at $213,526. This suggests a community that is both modestly priced yet valued highly, potentially due to its quality of life or unique local amenities.
Turning to the economics of Section 8 vouchers, the Fair Market Rent (FMR) for ZIP 04406 has been set at $1,520 for the fiscal year 2026. However, the current market rent, based on Census American Community Survey (ACS) data, is lower at $1,090. This discrepancy indicates that landlords accepting Section 8 vouchers in this ZIP code can expect to receive rental assistance payments that exceed the typical market rate. This is advantageous for landlords as it provides a buffer against potential market fluctuations and ensures a steady income stream that surpasses current rents.
The data signature for ZIP 04406 reads as "stable." Despite the relatively low population, the high median home value and the disparity between FMR and market rent suggest a consistent economic environment. Landlords and small-portfolio investors should find this ZIP code attractive due to the favorable voucher economics and the overall stability of the housing market. The consistent income provided by Section 8 vouchers, combined with the potential for appreciation in property values, makes this ZIP code a solid investment opportunity.
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.