Section 8 Fair Market Rent (FMR) for ZIP 04850 - 2027

FY 2027 Fair Market Rent Rates

The area surrounding ZIP code 04850 in Unknown, ME, is characterized by its rural setting and modest population size, which influences the local real estate market dynamics. This analysis aims to provide insights into the investment potential for landlords and small-portfolio investors looking to enter or expand their presence in this region.

• Fair Market Rent (FMR) for the metro area in fiscal year 2026 is $1,440. This figure represents the benchmark rental rate set by HUD for the region, indicating the maximum amount that can be charged for housing assistance under the Section 8 program.
• Market rent data is currently unavailable for ZIP 04850. Without specific market rent figures, it's challenging to assess how closely the actual rents align with the HUD-set FMRs.
• The median home value data is also not available for this ZIP code. This absence makes it difficult to gauge property appreciation trends or compare against rental yields.
• Renter share data is missing for ZIP 04850. Understanding the proportion of renters in the community is crucial for predicting demand for rental properties.
• Days on Market (DOM) data is not provided for this area. The lack of DOM data prevents us from evaluating how quickly properties are typically sold or rented out in the area.
• Data on median income for ZIP 04850 is not available. Knowing the average income helps in assessing the affordability of housing and the potential tenant pool's ability to pay rent.

In summary, while the Fair Market Rent for the broader metro area in fiscal year 2026 is established at $1,440, critical local data such as market rent, median home values, renter share, days on market, and median income are currently unavailable for ZIP 04850. This scarcity of detailed local metrics poses challenges for making informed investment decisions. Investors should seek additional sources to fill these informational gaps before committing to investments in this ZIP code. The rural nature of the area suggests a niche market that could benefit from targeted, affordable rental offerings, but careful due diligence is essential given the limited data.

Data Sources: FMR data from HUD (2027).

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.