Location: Lincoln County, ME | Metro: Lincoln County, ME
| 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 |
U.S. Census Bureau data (2024)
The Section 8 analysis for ZIP code 04573 centers around the disparity between the Fair Market Rent (FMR) and the actual market rent. As of the fiscal year 2026, the FMR for the metro area is set at $1,400. However, the current market rent data is unavailable, which poses a significant challenge in providing a precise gap in dollars and percentage.
In the absence of specific market rent figures, it's crucial to understand the implications of the FMR being higher than typical market rents. This scenario suggests that voucher tenants could potentially pay closer to the FMR rate, making properties in this ZIP code attractive for yield-focused investments. The guaranteed rental income through the Section 8 program can provide stability and a predictable return on investment, especially when compared to the volatility of the open market.
Despite the lack of current market rent data, we can still anchor our analysis in broader socio-economic context. In ZIP 04573, only 0.0% of residents are renters, indicating a predominantly owner-occupied area. The median income stands at $86,250, suggesting a relatively affluent population. These factors imply that landlords might have limited exposure to the rental market, but for those who do participate, the potential benefits of renting to voucher holders can be substantial.
If the FMR were lower than the market rent, which is not the case here, it would mean that landlords accepting Section 8 tenants would be absorbing a portion of the difference. This scenario would highlight the financial burden of providing affordable housing below market rates, a consideration that must be weighed against the social benefits and long-term investment stability such tenants offer.
Given the FMR of $1,400, landlords in ZIP 04573 should consider the potential advantages of attracting voucher tenants. The steady income and reduced vacancy risks associated with the Section 8 program can be particularly appealing in an area where rental demand is low and property values are not specified, yet incomes are relatively high.
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.