Location: Hancock County, ME | Metro: Hancock County, ME
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,160 |
| 1 Bedroom | $1,170 |
| 2 Bedrooms | $1,480 |
| 3 Bedrooms | $2,040 |
| 4 Bedrooms | $2,190 |
| 5 Bedrooms | $2,540 |
| 6 Bedrooms | $2,845 |
| 7 Bedrooms | $3,073 |
| 8 Bedrooms | $3,227 |
The ZIP code 04672 in Unknown, ME, presents an interesting opportunity for landlords and small-portfolio investors looking into the Section 8 tenant pool. Unfortunately, specific population and rental percentage data are not available for this location, which makes it challenging to definitively categorize whether it is a renter-heavy ZIP with deep voucher demand or a homeowner-dominated area where vouchers are less common.
However, the median household income data is also unavailable, making it difficult to draw direct comparisons to market rents or to assess the affordability of housing for potential tenants. Despite these limitations, we can still analyze the situation based on the Fair Market Rent (FMR) data provided. The FMR for the metro area is set at $1,500 per month for fiscal year 2026, indicating that properties priced around this figure could attract tenants with Section 8 vouchers.
To understand the impact of rental costs on local incomes, we would need the median income data. However, without it, we can infer that if the typical market rent aligns closely with the FMR, then the majority of the rental pool, including those with vouchers, will find the cost manageable relative to their income. If the market rent exceeds the FMR significantly, then landlords might face challenges in attracting tenants with limited financial resources.
The expected tenant profile in ZIP 04672 would likely include individuals who benefit from government assistance programs such as Section 8. These tenants would be seeking affordable housing options that match or fall below the FMR of $1,500. Landlords should prepare to work with local housing authorities to ensure compliance with Section 8 regulations and to facilitate the process of accepting tenants with vouchers.
In summary, while detailed demographic and economic data are lacking, the FMR provides a useful benchmark for pricing properties in ZIP 04672 to attract Section 8 tenants. Landlords should focus on maintaining properties that meet the standards required by the program and be ready to engage with the administrative processes involved in accepting tenants with housing vouchers.
Data Sources: FMR data from HUD (2027).
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.