Location: Penobscot County, ME | Metro: Penobscot County, ME (part) HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $890 |
| 1 Bedroom | $960 |
| 2 Bedrooms | $1,260 |
| 3 Bedrooms | $1,620 |
| 4 Bedrooms | $1,810 |
| 5 Bedrooms | $2,100 |
| 6 Bedrooms | $2,352 |
| 7 Bedrooms | $2,540 |
| 8 Bedrooms | $2,667 |
U.S. Census Bureau data (2024)
The analysis of ZIP 04765, located in Stacyville, ME, reveals a market that offers moderate potential for rental investment. The Fair Market Rent (FMR) for ZIP 04765 in fiscal year 2024 is set at $1,180, which contrasts sharply with the local market rent of $420. This indicates a significant opportunity for landlords who can leverage the higher FMR rates through Section 8 participation.
However, the stability of the market is questionable. Only 16.1% of the population are renters, suggesting a limited pool of potential tenants. Additionally, the average household income of $50,286 is relatively low, which could affect the ability of residents to afford higher rents.
The median home value in ZIP 04765 is $120,400, which is notably lower than the figure provided ($174,854), indicating a discrepancy that requires further investigation. Given these factors, ZIP 04765 does not fit neatly into a high-yield/low-stability flip-style market or a steady-cashflow zone. Instead, it presents a scenario where yields are moderately attractive due to the disparity between FMR and market rent, but stability is compromised by the low percentage of renters and modest income levels.
To conclude, ZIP 04765 is best classified as a market with moderate yield potential and lower stability. Landlords should carefully consider the risks associated with a smaller tenant pool and lower income levels before making investment decisions.
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.