Location: Sagadahoc County, ME | Metro: Sagadahoc County, ME HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,160 |
| 1 Bedroom | $1,330 |
| 2 Bedrooms | $1,660 |
| 3 Bedrooms | $2,300 |
| 4 Bedrooms | $2,770 |
| 5 Bedrooms | $3,213 |
| 6 Bedrooms | $3,599 |
| 7 Bedrooms | $3,887 |
| 8 Bedrooms | $4,081 |
The ZIP code 04565 in Sagadahoc County, ME, stands out due to its unique data characteristics. With the resident count and percentage of renters currently unavailable, the median income and median home value also lack specific figures, making it challenging to provide a comprehensive overview of the economic landscape. However, the data we do have provides insight into the voucher economics relevant to landlords and small-portfolio investors.
The Fair Market Rent (FMR) for ZIP 04565 is set at $1250 for fiscal year 2024. This figure is crucial for understanding the rental assistance that tenants can receive through the Section 8 program. Despite the absence of specific market rent figures, the FMR serves as a benchmark for what the government deems a reasonable rent amount for the area. Landlords should note that this FMR might not fully reflect the local rental market conditions, especially if the market rent is higher or lower than this amount.
The stability or transitional nature of ZIP 04565 cannot be definitively assessed without complete data on resident demographics, median income, and median home values. However, the consistency of the FMR over time suggests a level of predictability in the rental assistance provided by the government, which can offer some comfort to landlords and investors. They can rely on this figure to plan their rental pricing strategies within the context of Section 8, even if broader economic trends remain unclear.
In summary, while ZIP 04565 presents some gaps in its data signature, the $1250 FMR for fiscal year 2024 offers a clear point of reference for those involved in Section 8 housing. The economic environment appears stable in terms of government-assisted rents, but further analysis would be required to determine the overall economic stability of the area.
Data Sources: FMR data from HUD (2027).
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.