Section 8 Fair Market Rent (FMR) for ZIP 04570 - 2027

Location: Lincoln County, ME | Metro: Lincoln County, ME

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,160
1 Bedroom	$1,200
2 Bedrooms	$1,310
3 Bedrooms	$1,810
4 Bedrooms	$1,960
5 Bedrooms	$2,274
6 Bedrooms	$2,547
7 Bedrooms	$2,751
8 Bedrooms	$2,889

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

Median Household Income

$N/A

Housing Units

Renter Percentage

N/A

Occupancy Rate

3.9%

Renter Occupied

The ZIP code 04570, located in Washington, Maine, is a rural area characterized by its low population density and limited rental market. This analysis provides insights into the real estate dynamics within this region, focusing on key metrics that can inform investment decisions.

Fair Market Rent (FMR): The Fair Market Rent for the metro area covering ZIP 04570 is set at $1,400 for fiscal year 2026. This figure represents the maximum amount HUD will pay for low-income housing rental assistance.
Rental Market: The specific market rent for ZIP 04570 is not available, indicating a sparse rental market. This could be due to the area's low population density and high homeownership rate.
Homeownership: The median home value in ZIP 04570 is not reported, but the area has a 0.0% renter share, suggesting that nearly all residents own their homes. This high homeownership rate implies a strong preference for ownership over renting.
Days on Market (DOM): The average days on market for properties in this ZIP code is not available, which could indicate a lack of recent sales activity or a very slow-moving market.
Median Income: The median income for households in ZIP 04570 is not available, making it difficult to assess the economic strength of the area and its potential impact on property values.

In summary, ZIP 04570 presents a challenging environment for landlords and small-portfolio investors due to its extremely low renter share and the absence of data regarding market rents and median incomes. The high Fair Market Rent suggests some level of demand for subsidized housing, but the dominance of homeownership indicates a weak rental market. Investors should proceed with caution, considering the limited availability of key financial indicators and the potential for low occupancy rates.

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.