Location: Knox County, ME | Metro: Knox County, ME
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,210 |
| 1 Bedroom | $1,350 |
| 2 Bedrooms | $1,640 |
| 3 Bedrooms | $2,150 |
| 4 Bedrooms | $2,160 |
| 5 Bedrooms | $2,506 |
| 6 Bedrooms | $2,807 |
| 7 Bedrooms | $3,032 |
| 8 Bedrooms | $3,184 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,350 | $384,825 | 0.35% | F |
| 2BR | $1,640 | $557,178 | 0.29% | F |
| 3BR | $2,150 | $683,814 | 0.31% | F |
| 4BR | $2,160 | $885,079 | 0.24% | F |
| 5BR | $2,506 | $1,353,900 | 0.19% | F |
U.S. Census Bureau data (2024)
The ZIP code 04843 encompasses a part of Camden, Maine, known for its picturesque coastal setting and rich historical heritage. With a population of 5,242, it is a relatively small community where approximately 26.5% of residents are renters. The area enjoys a high median household income of $82,344, indicating a prosperous local economy. This prosperity is further reflected in the median home value of $665,750, which is significantly higher than the national average, underscoring the desirability and quality of life in this ZIP code.
Moving into the realm of rental economics, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,670. However, the actual market rent, according to the Census ACS, stands at $1,269. This discrepancy between the FMR and the market rent suggests an opportunity for landlords and small-portfolio investors who can leverage the difference to attract Section 8 tenants while maintaining a reasonable profit margin. The gap indicates that there is potential for both hands-off operators and hands-on value-add buyers to find success in this market.
For a hands-off voucher operator, the stability of the local economy and the presence of a government-backed rental support program make this ZIP code a viable investment. The high median income supports the likelihood that many residents will qualify for the Section 8 program, ensuring a steady stream of tenants. For a hands-on value-add buyer, the opportunity to increase property values and rents over time, while still benefiting from the Section 8 subsidy, presents a path to higher returns. The current market rent being lower than the FMR also offers flexibility in pricing, allowing for adjustments that could appeal to both subsidized and non-subsidized tenants.
In summary, ZIP 04843 in Camden, Maine, offers a blend of scenic beauty and economic stability that can be advantageous for Section 8 investors. Whether pursuing a passive or active investment strategy, the characteristics of this neighborhood provide a solid foundation for achieving financial goals within the parameters of the Section 8 housing assistance program.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.