Location: Waldo County, ME | Metro: Waldo 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 | $1,520 |
| 1 Bedroom | $1,540 |
| 2 Bedrooms | $1,830 |
| 3 Bedrooms | $2,360 |
| 4 Bedrooms | $2,650 |
| 5 Bedrooms | $3,074 |
| 6 Bedrooms | $3,443 |
| 7 Bedrooms | $3,718 |
| 8 Bedrooms | $3,904 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,830 | $437,995 | 0.42% | F |
| 3BR | $2,360 | $525,367 | 0.45% | F |
U.S. Census Bureau data (2024)
The median income in ZIP code 04849, which encompasses Lincolnville, ME, stands at $80,377. This figure provides a benchmark for understanding the economic capacity of households in the area. When compared to the market rate rental price of $984, as reported by the Census Bureau's American Community Survey (ACS), it becomes evident that a significant portion of residents could afford market-rate housing without financial strain.
However, the situation changes when considering the Fair Market Rent (FMR) standard set at $1,900 for the fiscal year 2026. This higher benchmark represents the maximum amount that a household receiving a housing voucher would be willing to pay. Given the disparity between the median income and the FMR, there is a notable gap in affordability for those relying solely on their income versus those who have the support of a housing voucher.
In Lincolnville, only 12.5% of the total population of 4,017 are renters. This low percentage indicates a relatively small pool of potential tenants, which could lead to increased competition among landlords for available renters. The limited number of renters suggests that landlords must consider both the local market conditions and the availability of voucher holders to ensure steady occupancy.
For landlords evaluating strategies, the data points to a clear advantage in accepting housing vouchers. While cash-paying tenants are essential, the $1,900 FMR offered through vouchers is nearly double the current market rate. Accepting vouchers can provide a more stable and predictable income stream, particularly in an area where the number of renters is already constrained. Landlords should also note that the demand for affordable housing is likely to persist, making voucher-supported rentals a reliable option in a competitive market.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.