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 ZIP code 04773 is located in Saint David, Maine. With a total population of 550, it is a predominantly owner-occupied neighborhood where only 5.0% of residents are renters. The median household income stands at $68,571, indicating a relatively stable economic base. However, the median home value is not available, suggesting limited data on property values in this area.
Turning to the economics of renting, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,090. This figure represents the amount landlords can expect to receive under the Section 8 Housing Choice Voucher program. Notably, market rent data for the ZIP code is currently unavailable, which could be due to the low rental activity in the area. Given the limited rental population and the absence of comprehensive market rent data, it suggests that the rental market in 04773 is not robust.
In light of these factors, 04773 would likely suit a hands-off voucher operator rather than a hands-on value-add buyer. The low percentage of renters and the limited availability of rental properties indicate a smaller pool of potential tenants who might benefit from the Section 8 program. Landlords operating in this ZIP code can rely on the FMR as a guideline for setting rents, but they should also be prepared for a less active rental market compared to urban areas. This scenario implies that the primary focus should be on maintaining a steady income stream rather than actively seeking to enhance property value through improvements or renovations.
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.