Location: Hancock County, ME | Metro: Hancock County, ME
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,680 |
| 1 Bedroom | $1,690 |
| 2 Bedrooms | $2,140 |
| 3 Bedrooms | $2,960 |
| 4 Bedrooms | $3,170 |
| 5 Bedrooms | $3,677 |
| 6 Bedrooms | $4,118 |
| 7 Bedrooms | $4,447 |
| 8 Bedrooms | $4,669 |
U.S. Census Bureau data (2024)
The classification of ZIP code 04653 hinges on the analysis of its yield and stability indicators. The Federal Market Rent (FMR) for the metro area in fiscal year 2026 stands at $2,180, while the market rent is pegged at $1,591. This suggests a rental market where properties can command higher rents compared to the median home value, which is not available, indicating a potential high-yield environment.
On the stability axis, the ZIP code has a significant portion of its population as renters, with 27.8% of residents being tenants. While the average days on market (DOM) for homes is not provided, the median household income is $90,250. This figure implies that the residents have a reasonable capacity to pay rent, contributing to a stable rental environment.
Given these specifics, ZIP 04653 does not fit neatly into a high-yield/low-stability "flip-style" market. Instead, it presents characteristics of a steady-cashflow zone. The disparity between the FMR ($2,180) and market rent ($1,591) suggests that there is an opportunity for landlords and small-portfolio investors to achieve higher yields by positioning their rentals competitively within the market. The median income level supports the ability of residents to sustain rental payments, reducing the risk of vacancies and defaults.
However, the lack of a median home value and days on market data introduces some uncertainty regarding the overall stability of the housing market. For landlords, this means that while there is potential for strong cash flow, they should remain vigilant about broader economic trends and local housing market conditions that could impact rental demand and income levels.
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.