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)
The analysis of ZIP code 04763 reveals a unique balance between yield potential and market stability, making it an intriguing target for both high-risk and high-reward strategies as well as steady cash flow investments.
Starting with yield, the Federal Market Rent (FMR) for the metro area in fiscal year 2026 is set at $970. This figure represents the average rent for a standard unit in the area and is significantly higher than the market rate of $592. The disparity suggests that there is a substantial opportunity for rental income above the typical market rates, especially if properties are brought up to the standards required by Section 8 programs. Additionally, the median home value of $147,420 indicates that there is a relatively low barrier to entry for acquiring properties in this ZIP code, which can be leveraged to maximize returns.
Moving on to stability, the ZIP code has a notable 30.1% of residents who are renters. This percentage is critical for understanding the demand for rental housing. However, the lack of data on days on market (DOM) means we cannot assess how quickly rental units are filled or vacated. The median household income of $46,378 provides insight into the financial health of the local population, suggesting a moderate level of economic stability that supports ongoing rental payments but does not indicate robust growth potential.
Given these metrics, ZIP 04763 leans towards being a steady-cashflow zone rather than a high-yield/low-stability flip-style market. The significant gap between FMR and market rent, combined with a reasonable percentage of renters, points to consistent demand for rental properties. Moreover, the lower median home value compared to other areas makes it feasible to acquire properties at a cost-effective price, enhancing the overall investment appeal.
To summarize, the key figures driving this assessment are the FMR of $970, market rent of $592, median home value of $147,420, and median income of $46,378. These suggest a market where long-term rental income is reliable, and short-term flipping may not offer the same level of profitability due to the moderate income levels and lack of rapid turnover data.
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.