Location: Washington County, ME | Metro: Washington County, ME
| Unit Size | Monthly FMR |
|---|---|
| Studio | $980 |
| 1 Bedroom | $1,010 |
| 2 Bedrooms | $1,300 |
| 3 Bedrooms | $1,730 |
| 4 Bedrooms | $1,990 |
| 5 Bedrooms | $2,308 |
| 6 Bedrooms | $2,585 |
| 7 Bedrooms | $2,792 |
| 8 Bedrooms | $2,932 |
U.S. Census Bureau data (2024)
The ZIP code 04668, situated within the Washington County, ME metro, presents a unique profile when compared to typical ZIP codes in the same county. With a Fair Market Rent (FMR) of $1,320 for fiscal year 2026, it aligns closely with the broader metro area's expectations, indicating that rental prices are in line with what other areas within the county are experiencing.
However, the lack of specific market rent data for ZIP 04668 suggests either limited availability or a less competitive rental market compared to other areas. This absence can be significant for investors looking to understand the immediate rental dynamics within the area.
The median home value in ZIP 04668 stands at $208,526, which is notably lower than the average home value in many metropolitan areas across the United States. This figure could indicate that 04668 is either a value pocket or a mid-tier neighborhood within its metro, offering affordability to potential buyers and renters alike.
A standout feature is the 27.6% renter share, which is higher than the national average and signals a strong demand for rentals. This characteristic, combined with the relatively low home value, points towards ZIP 04668 being a particularly attractive area for Section 8 tenants and landlords participating in the program. The higher renter share suggests a vibrant rental market, driven possibly by the availability of affordable housing options.
In conclusion, ZIP 04668 appears to be a value pocket within the Washington County, ME metro, characterized by its lower median home value and higher renter share. These factors make it an appealing location for both small-portfolio investors and landlords who are interested in the Section 8 program, as it offers opportunities for stable rental income and access to a larger pool of potential tenants through government subsidies.
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.