Location: Lincoln County, ME | Metro: Lincoln County, ME
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 | $1,310 |
| 1 Bedroom | $1,360 |
| 2 Bedrooms | $1,480 |
| 3 Bedrooms | $2,050 |
| 4 Bedrooms | $2,210 |
| 5 Bedrooms | $2,564 |
| 6 Bedrooms | $2,872 |
| 7 Bedrooms | $3,102 |
| 8 Bedrooms | $3,257 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $2,050 | $544,581 | 0.38% | F |
U.S. Census Bureau data (2024)
19.4% of the residents in ZIP code 04553 are renters, indicating a significant portion of the population relies on rental housing. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,490, which is notably higher than the reported market rent of $1,363 based on Census ACS data. This suggests that landlords participating in the Section 8 program could potentially benefit from a higher rent rate compared to the local market average.
$449,672 is the median home value in this area, reflecting a robust real estate market that could attract both investors and homeowners. However, the median income stands at $89,868, which is an important consideration for landlords when assessing the financial stability of potential tenants. Given the income levels, it's crucial for landlords to ensure that their properties meet the quality standards required by the Section 8 program to attract eligible tenants.
The data does not provide a specific number of days on the market (DOM) or a percentage of homes that have had their prices cut, which could be indicative of a stable market where property values remain relatively consistent. For landlords looking to enter the Section 8 program, this stability could translate into a more predictable and reliable stream of rental income.
In summary, with a 19.4% renter share and a higher FMR of $1,490 compared to the $1,363 market rent, landlords in ZIP 04553 can expect competitive rental rates through the Section 8 program. Coupled with a median home value of $449,672 and a median income of $89,868, the financial landscape supports a viable investment opportunity for those willing to comply with the program's requirements. The lack of day DOM and price-cut share data points to a stable market, which is advantageous for long-term investments.
Verdict: Suitable for Section 8 participation given the favorable renter demographics and competitive rental rates.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.