Section 8 Fair Market Rent (FMR) for ZIP 04441 - 2027

Location: Piscataquis County, ME | Metro: Piscataquis County, ME

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$890
1 Bedroom	$980
2 Bedrooms	$1,280
3 Bedrooms	$1,540
4 Bedrooms	$1,700
5 Bedrooms	$1,972
6 Bedrooms	$2,209
7 Bedrooms	$2,386
8 Bedrooms	$2,505

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

1,839

Median Household Income

$64,789

Housing Units

2,493

Renter Percentage

15.9%

Occupancy Rate

39.4%

Renter Occupied

156

The real estate market in ZIP code 04441, located in Rhode Island, is poised to maintain its pricing power over the next 12-24 months, based on the current median home value of $339,715 and the fact that only 0.1% of listings have been reduced. This minimal reduction in listing prices suggests a strong seller's market where homes are holding their value well. The median days on market (DOM) being listed as N/A can imply that homes are selling quickly, further supporting the idea that there is little time for prices to adjust downward due to prolonged exposure on the market.

On the rental side, the Fair Market Rent (FMR) for ZIP 04441 is set at $1,020 for the fiscal year 2026, while the current market rent stands at $662 according to the Census ACS data. This significant gap between FMR and actual market rents signals potential upward pressure on rental rates. As rental demand remains steady and potentially increases, landlords can expect to see a gradual rise in rent prices, aligning more closely with the FMR benchmarks.

For long-hold investors, the setup in ZIP 04441 suggests a realistic appreciation thesis. The combination of stable home values, quick sales, and rising rental rates indicates that property values are likely to appreciate. Investors should prepare for an environment where both their rental income and property equity could grow, making it a favorable location for those looking to hold properties for extended periods.

Summary:

A median home value of $339,715 and 0.1% of listings being reduced suggest a robust seller's market.
The substantial difference between the FMR of $1,020 and the current market rent of $662 points to upward pressure on rental rates.
Long-term investors can anticipate a positive appreciation trend in property values, enhancing both rental yields and capital gains.

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.