Location: Aroostook County, ME | Metro: Aroostook County, ME
| Unit Size | Monthly FMR |
|---|---|
| Studio | $850 |
| 1 Bedroom | $860 |
| 2 Bedrooms | $1,110 |
| 3 Bedrooms | $1,510 |
| 4 Bedrooms | $1,570 |
| 5 Bedrooms | $1,821 |
| 6 Bedrooms | $2,040 |
| 7 Bedrooms | $2,203 |
| 8 Bedrooms | $2,313 |
U.S. Census Bureau data (2024)
ZIP code 04746, located in Aroostook County, ME, presents an interesting case when compared against typical ZIP codes within the same county. The Fair Market Rent (FMR) for 04746 is set at $970 for fiscal year 2026, which is notably higher than the market rent figure of $794. This suggests that 04746 might be seen as a slightly premium sub-market within the county, given that the government's benchmark for fair rents exceeds the actual market rates.
The absence of a home value figure for 04746 could imply that it lacks significant residential property listings or that the housing market there is less active compared to other ZIP codes in Aroostook County. However, the substantial 28.7% share of renters is a critical point of interest for landlords and small-portfolio investors. This high renter share, coupled with a below-metro average market rent, indicates a potentially strong demand for rental properties in 04746.
Aroostook County, ME, typically has lower overall housing costs, and the data for 04746 supports this trend. With a higher FMR but a lower market rent, landlords can position themselves to benefit from the federal guidelines while offering competitive pricing to tenants. The high renter share without corresponding above-average home values suggests that 04746 could indeed represent a sweet spot for Section 8 participants, where the rental market is robust and the cost of living remains relatively low.
In summary, 04746 appears to be a value pocket within Aroostook County, ME. It offers a mix of slightly elevated rental standards and a strong rental demand, making it an attractive area for those involved in affordable housing programs. Landlords can leverage the $970 FMR to ensure compliance with Section 8 requirements while still attracting tenants with a market rent of $794.
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.