Location: Washington County, ME | Metro: Washington County, ME
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,080 |
| 1 Bedroom | $1,110 |
| 2 Bedrooms | $1,430 |
| 3 Bedrooms | $1,900 |
| 4 Bedrooms | $2,190 |
| 5 Bedrooms | $2,540 |
| 6 Bedrooms | $2,845 |
| 7 Bedrooms | $3,073 |
| 8 Bedrooms | $3,227 |
U.S. Census Bureau data (2024)
The ZIP code 04666 in Somerset County, Maine, stands out due to its unique demographic and economic characteristics. With only 1,178 residents, it has a rental rate of 9.9%, indicating a primarily owner-occupied community. The median income here is $60,761, which is relatively robust for the area, while the median home value sits at $155,433, suggesting a modest but stable housing market.
The disparity between the Fair Market Rent (FMR) and the actual market rent highlights an interesting dynamic for landlords and investors. For fiscal year 2026, the FMR for a metro area encompassing ZIP 04666 is set at $1,430, significantly higher than the $881 market rent observed in recent Census data. This gap means that Section 8 vouchers can cover a substantial portion of the rent, making it attractive for landlords who might otherwise find the market rent insufficient. However, it also suggests that there could be opportunities for price increases, particularly if landlords are willing to accept Section 8 tenants.
The data signature for ZIP 04666 reads as "stable." Despite the relatively low number of renters, the median income supports a reasonable level of financial stability among residents. The median home value indicates a steady housing market, and the higher FMR compared to the market rent provides a buffer for landlords participating in the Section 8 program. For small-portfolio investors looking to enter the Somerset County market, ZIP 04666 presents a viable opportunity with predictable economics.
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.