Location: Hancock County, ME | Metro: Hancock County, ME
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,390 |
| 1 Bedroom | $1,400 |
| 2 Bedrooms | $1,770 |
| 3 Bedrooms | $2,440 |
| 4 Bedrooms | $2,620 |
| 5 Bedrooms | $3,039 |
| 6 Bedrooms | $3,404 |
| 7 Bedrooms | $3,676 |
| 8 Bedrooms | $3,860 |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors targeting ZIP code 04662 in Hancock County, Maine reveals a favorable opportunity for those seeking stable cash flow. The HUD Fair Market Rent (FMR) for the area is set at $1,820 for the fiscal year 2026, which is significantly higher than the market rent reported by the Census American Community Survey (ACS), currently at $1,379.
This difference indicates that voucher tenants can cash flow at the HUD FMR, meaning landlords will receive a higher rental income than the typical market rate. This scenario allows for a positive cash flow even without premium units, making it an attractive proposition for investors looking to maximize their returns.
The median home value in the ZIP code is not available, which complicates deriving a precise rent-to-price ratio. However, given the substantial gap between the HUD FMR and the market rent, it suggests that the local rental market is undervalued relative to what voucher holders can afford. This dynamic supports the idea that landlords could potentially charge closer to the FMR without pushing tenants out of the market.
Additionally, the median Days on Market (DOM) and the percentage of homes that experience price cuts before selling are also not available. Despite this lack of data, the strong cash flow potential derived from the HUD FMR vs. market rent comparison remains the most compelling factor for investors. It underscores the stability and predictability of rental income, which is crucial for long-term investment strategies.
The strongest investor angle in ZIP 04662 is undoubtedly cash flow. Given the current disparity between market rents and the HUD FMR, landlords can expect a consistent and reliable stream of income that exceeds the typical market rate, providing a solid foundation for profitable investments.
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.