Section 8 Fair Market Rent (FMR) for ZIP 04644 - 2027

FY 2027 Fair Market Rent Rates

The ZIP code 04644, located in Maine, encompasses a rural area that is less densely populated compared to urban centers. This region's housing market is influenced by both local economic conditions and federal programs such as Section 8, which aims to provide affordable rental housing assistance to eligible low-income families.

• The Fair Market Rent (FMR) for a two-bedroom apartment in the metro area for fiscal year 2026 is set at $1,500.
• Market rent data for ZIP 04644 is currently unavailable, indicating a lack of comprehensive rental listings or recent transactions in the area.
• The median home value in this ZIP code is also not available, suggesting limited data on residential property sales.
• The percentage of the population that rents is not specified, making it difficult to gauge the demand for rental properties specifically.
• The Days on Market (DOM) for listings is not available, which could indicate a stable market where properties do not typically spend much time listed before selling.
• The median household income for this area is not provided, leaving an uncertainty about the financial capabilities of potential tenants or buyers.

In summary, while the Fair Market Rent for ZIP 04644 indicates a moderate rental price for assisted housing units, the lack of detailed market data poses challenges for landlords and small-portfolio investors. The absence of information on market rent, median home values, renter share, DOM, and median income suggests a niche market with potentially fewer opportunities for large-scale investment but could present unique chances for those willing to conduct thorough local research. Investors should focus on understanding the local economy and tenant demographics to make informed decisions.

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.