Location: Hancock County, ME | Metro: Hancock County, ME
| 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 |
The analysis of ZIP 04629 in Hancock County, Maine, reveals several critical points for potential Section 8 real-estate investments.
Regarding the rent math, the Federal Market Rent (FMR) for the Hancock County metro area in fiscal year 2026 is set at $1,500. However, due to the lack of specific market rent data, it's impossible to directly compare FMR against local market rates. This absence of market rent figures makes it difficult to ascertain whether the rent math works in favor of landlords or investors.
In terms of acquisition affordability, the data is insufficient to provide a comprehensive analysis. The median home value, days on market (DOM), and percentage of homes requiring price cuts are all marked as 'N/A', indicating a lack of current or reliable information. Without these figures, it's challenging to determine if purchasing properties in ZIP 04629 is financially feasible for landlords looking to enter the Section 8 housing market.
Concerning tenant demand, the available data also lacks specificity. The population and the percentage of renters in ZIP 04629 are both listed as 'N/A'. These missing details prevent an accurate assessment of the number of potential tenants who might be interested in Section 8 housing, which is crucial for understanding the demand side of the equation.
Verdict: The analysis of ZIP 04629 presents significant gaps in essential data, including market rent, median home values, days on market, percentage of homes needing price reductions, population, and renter share. Due to these data limitations, it's currently not possible to make a definitive judgment on the viability of Section 8 real-estate investments in this area. Landlords and small-portfolio investors should seek additional, more detailed local real estate and demographic information before making any investment decisions in ZIP 04629.
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.