Location: Piscataquis County, ME | Metro: Piscataquis County, ME
| 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 |
U.S. Census Bureau data (2024)
The classification of ZIP code 04443 in Rhode Island hinges on the interplay between rental yield and market stability. The Federal Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,250. This is significantly higher than the current market rent of $441, indicating a potential for high rental yields if properties can be leased at or near the FMR. However, the median home value of $185,590 suggests that the capital investment required for flipping or purchasing homes could be substantial.
On the stability axis, the ZIP code shows a mixed profile. With 21.4% of residents being renters, there is a notable but not overwhelming demand for rental housing. The lack of data on days-on-market (DOM) makes it difficult to assess how quickly rental units turn over, which is a key indicator of market volatility. The median household income of $53,990 provides insight into the economic capacity of the local population to afford higher rents, suggesting that while some tenants might struggle with an increase to $1,250 per month, others could manage if their income levels are above average.
Given these figures, ZIP 04443 does not fit neatly into either a high-yield/low-stability flip-style market or a steady-cashflow zone. Instead, it represents a middle ground where the potential for high yields exists due to the disparity between the FMR and market rent. However, the relatively low percentage of renters and modest median income imply that achieving those yields will require careful tenant selection and possibly some renovation to justify higher rent prices. Landlords and small-portfolio investors should approach this ZIP code with a strategy that balances the pursuit of higher returns with the need for stable occupancy.
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.