Section 8 Fair Market Rent (FMR) for ZIP 04649 - 2027

Location: Washington County, ME | Metro: Washington County, ME

Investment Score for ZIP 04649

Monthly Rent (2BR)

$1,310

Median Price (2BR)

$185,132

1% Rule

0.71%

Annual Yield

8.49%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$990
1 Bedroom	$1,010
2 Bedrooms	$1,310
3 Bedrooms	$1,740
4 Bedrooms	$2,010
5 Bedrooms	$2,332
6 Bedrooms	$2,612
7 Bedrooms	$2,821
8 Bedrooms	$2,962

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
2BR	$1,310	$185,132	0.71%	D
3BR	$1,740	$236,969	0.73%	D

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

1,166

Median Household Income

$67,500

Housing Units

834

Renter Percentage

32.5%

Occupancy Rate

62.4%

Renter Occupied

169

Jonesport, ME, located in Washington County, is a small coastal town that offers a glimpse into rural Maine living. The area is characterized by its quiet charm, natural beauty, and strong sense of community. For real estate investors, particularly those interested in the Section 8 housing market, understanding the local dynamics is crucial to making informed decisions.

The Fair Market Rent (FMR) for Jonesport, ME, for the fiscal year 2026 is set at $1,340 for a two-bedroom apartment, reflecting the rental market's baseline for federal housing assistance programs.
The average market rent for properties in Jonesport, according to the latest Census American Community Survey (ACS) data, stands at $1,000, indicating a significant gap between market rates and what federal subsidies cover.
The median home value in Jonesport is $194,815, which is relatively low compared to many other areas in Maine, making it an attractive option for first-time buyers and investors looking for affordable entry points.
Renters make up 32.5% of the housing market in Jonesport, suggesting a notable demand for rental properties and potential opportunities for landlords to serve this segment effectively.
The median income in Jonesport is $67,500, providing insight into the financial capacity of potential tenants and buyers, and highlighting the importance of aligning property values and rents with the local economic conditions.

Given these factors, Jonesport presents a balanced opportunity for real estate investment. With a significant portion of the population renting, there is a steady demand for rental properties. However, the gap between the Fair Market Rent and the actual market rent indicates that landlords participating in Section 8 may need to adjust their expectations regarding rental income. The lower median home value also suggests that there might be limited appreciation potential, but it does offer a chance for investors to acquire properties at a reasonable cost. Overall, Jonesport is best suited for investors who are willing to focus on rental income stability rather than rapid property value growth.

Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.