Section 8 Fair Market Rent (FMR) for ZIP 04613 - 2027

Location: Hancock County, ME | Metro: Hancock County, ME

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,160
1 Bedroom	$1,170
2 Bedrooms	$1,480
3 Bedrooms	$2,040
4 Bedrooms	$2,190
5 Bedrooms	$2,540
6 Bedrooms	$2,845
7 Bedrooms	$3,073
8 Bedrooms	$3,227

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

Median Household Income

$N/A

Housing Units

Renter Percentage

23.4%

Occupancy Rate

58.0%

Renter Occupied

ZIP code 04613, located in South Berwick, Maine, is a part of a charming rural community with a strong sense of history and a picturesque landscape. The area offers a blend of suburban living and easy access to natural amenities, making it attractive for both residents and visitors.

The Fair Market Rent (FMR) for a two-bedroom apartment in the metro area for fiscal year 2026 is set at $1,500. This figure provides a benchmark for rental pricing in the region.
The median home value in ZIP 04613 is not available, indicating that there might be limited data on residential property values in this specific area.
Renters make up 23.4% of the housing market in this ZIP code. This suggests a significant portion of the population prefers renting over owning, which can be beneficial for landlords and small-portfolio investors.
The median income figure for ZIP 04613 is not available, which means we cannot provide specific insights into the financial capabilities of potential tenants or buyers.
The Days on Market (DOM) for properties in this area is not available, making it difficult to assess how quickly properties are typically sold or rented.

Investors looking to enter the market in ZIP 04613 should focus on the Fair Market Rent as a reliable indicator of rental prices. With a substantial share of renters, the demand for rental properties is likely to remain steady. However, the lack of data on median home values, median income, and days on market poses challenges in fully understanding the local real estate dynamics. Landlords and small-portfolio investors should conduct thorough due diligence, considering the historical trends and current economic conditions of South Berwick, to make informed decisions about investment opportunities.

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.