Location: Aroostook County, ME | Metro: Aroostook County, ME
| Unit Size | Monthly FMR |
|---|---|
| Studio | $930 |
| 1 Bedroom | $930 |
| 2 Bedrooms | $1,220 |
| 3 Bedrooms | $1,640 |
| 4 Bedrooms | $1,710 |
| 5 Bedrooms | $1,984 |
| 6 Bedrooms | $2,222 |
| 7 Bedrooms | $2,400 |
| 8 Bedrooms | $2,520 |
U.S. Census Bureau data (2024)
ZIP code 04779, located in Aroostook County, ME, presents unique characteristics when compared to typical ZIP codes within the same county. The Fair Market Rent (FMR) for ZIP 04779 is set at $1,280 for fiscal year 2026, which is a critical figure for landlords and investors interested in Section 8 housing. This FMR represents the maximum amount that can be charged for a rental property under the Section 8 program, ensuring affordability for low-income families.
Aroostook County, ME, generally has lower market rents and home values than many other regions in the state. However, for ZIP 04779, the specific market rent and home value data are not available. Despite this, the 0.0% renter share indicates that virtually no residents of this ZIP code are renting, which is unusual and suggests that homeownership is nearly universal here. This lack of renters could imply a less competitive rental market, but it also means there's little demand for Section 8 properties.
The absence of market rent and home value data makes it challenging to categorize ZIP 04779 precisely within the Aroostook County, ME, metro context. However, based on the FMR alone, it appears that this ZIP code might be considered a value pocket for Section 8 participants, given the relatively low cost of living compared to other parts of Maine. The low renter share, however, diverges from what would typically be seen in a Section 8 sweet spot, where a higher percentage of renters often indicates greater potential for Section 8 participation.
To summarize, ZIP 04779 stands out due to its unique demographics and the absence of typical market data points. While the FMR suggests it could be an affordable location for Section 8 tenants, the lack of renters means it's not likely to attract a significant number of Section 8 vouchers. For landlords and investors, this ZIP code may offer limited opportunities for Section 8 properties, despite its low FMR.
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.