Location: Knox County, ME | Metro: Knox County, ME
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,110 |
| 1 Bedroom | $1,230 |
| 2 Bedrooms | $1,500 |
| 3 Bedrooms | $1,960 |
| 4 Bedrooms | $1,970 |
| 5 Bedrooms | $2,285 |
| 6 Bedrooms | $2,559 |
| 7 Bedrooms | $2,764 |
| 8 Bedrooms | $2,902 |
U.S. Census Bureau data (2024)
The ZIP code 04851, located in Matinicus, Maine, stands out due to its unique demographic profile. With only 48 residents, it has an extremely low rental rate of 0.0%, indicating that the area is almost entirely owner-occupied. The median income for this ZIP code is $65,417, which is noteworthy considering the lack of rental activity. However, the median home value is listed as N/A, suggesting limited data availability or a small sample size.
Turning to the economics of Section 8 housing vouchers, the Fair Market Rent (FMR) for ZIP 04851 is set at $1,530 for metro fiscal year 2026. This figure is critical for understanding the financial viability of accepting Section 8 tenants. Given the absence of market rent data, it's important to note that the FMR serves as a benchmark for rental subsidies but does not reflect actual market conditions in this isolated ZIP code.
The data signature for ZIP 04851 reads as stable, reflecting a small, close-knit community with little to no rental turnover. The high median income suggests that homeowners in this area are financially secure, further reinforcing the stability of the local real estate market. Despite the limited data points, the overall picture indicates a community that is unlikely to experience significant changes in the near future, making it a predictable environment for landlords and small-portfolio investors.
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.