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 |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors targeting ZIP code 04761, located in Aroostook County, Maine, reveals a significant opportunity for positive cash flow. The HUD Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,280. This figure is notably higher than the average market rent reported by the Census American Community Survey (ACS), which stands at $775. Given this disparity, landlords can expect to cashflow comfortably when renting to voucher tenants at the HUD FMR rate.
The median home value in ZIP 04761 is not available, which makes deriving an exact rent-to-price ratio challenging. However, the absence of a median home value suggests that the area may be primarily rental-focused, with fewer homeownership opportunities. This dynamic further supports the viability of rental investments, particularly those leveraging Section 8 vouchers.
The median Days on Market (DOM) and the percentage of homes that required price cuts before selling are also not available. These metrics would typically provide insight into the local real estate market's liquidity and competitiveness. Nevertheless, the existing data points towards a stable rental market, given the lack of fluctuation in home values and the potential for steady cash flow from voucher tenants.
In conclusion, the strongest investor angle in ZIP 04761 is cash flow. With the HUD FMR significantly exceeding the current market rent, landlords can secure a reliable source of income through Section 8 tenants without needing to rely on premium units or market fluctuations for profitability.
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.