Location: Sagadahoc County, ME | Metro: Sagadahoc County, ME HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,070 |
| 1 Bedroom | $1,240 |
| 2 Bedrooms | $1,540 |
| 3 Bedrooms | $2,130 |
| 4 Bedrooms | $2,570 |
| 5 Bedrooms | $2,981 |
| 6 Bedrooms | $3,339 |
| 7 Bedrooms | $3,606 |
| 8 Bedrooms | $3,786 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,240 | $370,160 | 0.33% | F |
| 2BR | $1,540 | $352,706 | 0.44% | F |
| 3BR | $2,130 | $415,591 | 0.51% | F |
| 4BR | $2,570 | $525,904 | 0.49% | F |
| 5BR | $2,981 | $688,517 | 0.43% | F |
U.S. Census Bureau data (2024)
The ZIP code 04530, located in Bath, Maine, presents an interesting scenario for both renters and landlords. The median household income in this area stands at $79,649, which provides a baseline for financial stability. However, when compared to the market-rate rent of $1,833 (ZORI), the situation becomes more nuanced.
A household earning the median income would dedicate approximately 23% of their gross annual income to cover market-rate rent. This percentage is on the higher end but still within the range considered affordable by many standards, which typically suggest that no more than 30% of income should be spent on housing.
In contrast, the Housing Choice Voucher Program (Section 8) pays a Fair Market Rent (FMR) of $1,210 for the fiscal year 2024. This represents a significant difference of $623 per month between the market rate and the voucher payment. For a household relying on a voucher, this means they would only need to spend about 15% of their income on rent, making it much more accessible.
Bath has a rental market where 31.5% of the population are renters, totaling 11,275 individuals. Given this, the affordability gap between market-rate rents and voucher payments can lead to increased competition among landlords. Those willing to accept vouchers may attract a larger pool of tenants, ensuring consistent occupancy rates.
The takeaway for landlords considering whether to accept vouchers or focus on cash-paying tenants is clear. While accepting vouchers may mean lower rental income, it can provide a steady stream of tenants and reduce vacancy rates. On the other hand, landlords who choose to charge market rates may find themselves competing in a tighter market, especially if the number of voucher holders increases. Landlords should weigh these factors carefully based on their financial goals and the local demand for both subsidized and market-rate housing.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.