Location: Hancock County, ME | Metro: Hancock County, ME
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,170 |
| 1 Bedroom | $1,180 |
| 2 Bedrooms | $1,490 |
| 3 Bedrooms | $2,060 |
| 4 Bedrooms | $2,210 |
| 5 Bedrooms | $2,564 |
| 6 Bedrooms | $2,872 |
| 7 Bedrooms | $3,102 |
| 8 Bedrooms | $3,257 |
U.S. Census Bureau data (2024)
ZIP 04664, located in Hancock County, Maine, represents a strategic opportunity for landlords and small-portfolio investors within a Section 8 portfolio strategy. This ZIP code is best suited as a cash-flow anchor.
The primary reason for this classification is the significant spread between the Fair Market Rent (FMR) set by the government for ZIP 04664 and the actual market rents. For fiscal year 2026, the FMR for the metro area is $1,550. However, the current market rent stands at only $883. This discrepancy means that landlords participating in the Section 8 program can expect a higher rental income compared to the local market rates, providing a stable and reliable cash flow.
In addition, the median home value in ZIP 04664 is $345,787. While this figure might seem high, it is important to note that property values do not directly impact the rental income generated through Section 8. The focus should be on the guaranteed rental income and the stability it offers, making ZIP 04664 an ideal anchor for maintaining consistent cash flows in a diverse portfolio.
ZIP 04664 does not present itself as an appreciation play due to the lack of specific data on price-cut shares and days on market (DOM). Similarly, while the renter share is 14.8% and the median income is $59,643, these factors alone do not suggest a strong case for diversification. Instead, the robust cash flow potential makes ZIP 04664 a solid choice for those looking to stabilize their investment returns.
To summarize, ZIP 04664 should be considered a cash-flow anchor in a Section 8 portfolio strategy, given the favorable spread between the FMR and market rents. This ensures a steady and predictable income stream, which is crucial for long-term financial planning and portfolio stability.
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.