Location: Aroostook County, ME | Metro: Aroostook County, ME
| Unit Size | Monthly FMR |
|---|---|
| Studio | $900 |
| 1 Bedroom | $900 |
| 2 Bedrooms | $1,180 |
| 3 Bedrooms | $1,590 |
| 4 Bedrooms | $1,650 |
| 5 Bedrooms | $1,914 |
| 6 Bedrooms | $2,144 |
| 7 Bedrooms | $2,316 |
| 8 Bedrooms | $2,432 |
1220 is the Fair Market Rent (FMR) for ZIP 04737 in Maine for the fiscal year 2026. Despite the lack of specific market rent data, the FMR provides a benchmark for rental properties in the area. With no median home value reported, it's challenging to gauge the overall housing market conditions, but the absence of detailed renter share and median income statistics suggests a niche market that may cater to seasonal or vacation rentals. The average days on market (DOM) figure is also unavailable, indicating that there might not be enough recent sales data to provide an accurate trend analysis. Similarly, the percentage of homes with price cuts is not specified, which could mean that the local real estate market is stable and less prone to significant fluctuations. For landlords and small-portfolio investors looking to participate in the Section 8 program, the $1,220 FMR is a critical figure to consider. It represents the maximum allowable rent for a Section 8 voucher holder in the area, ensuring that rental units remain affordable for low-income families.
Section 8 verdict: Investors should focus on properties that can be rented for $1,220 or less to align with the FMR guidelines.
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.