Section 8 Fair Market Rent (FMR) for ZIP 04852 - 2027
Location: Lincoln County, ME | Metro: Lincoln County, ME
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $1,160 |
| 1 Bedroom | $1,200 |
| 2 Bedrooms | $1,310 |
| 3 Bedrooms | $1,810 |
| 4 Bedrooms | $1,960 |
| 5 Bedrooms | $2,274 |
| 6 Bedrooms | $2,547 |
| 7 Bedrooms | $2,751 |
| 8 Bedrooms | $2,889 |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$N/A
When considering whether to invest in ZIP code 04852 for Section 8 properties, follow this decision tree:
- Does the Fair Market Rent (FMR) of $1,400 cover the debt service on a property?
- If yes: Proceed to the next question. The FMR is sufficient to meet the financial obligations of owning a property.
- If no: Do not purchase. The FMR does not sufficiently cover the cost of ownership.
- Is the market rent of $958 (from Census ACS) above, at, or below the FMR?
- If market rent is above FMR: It indicates that the market is strong, but you must still ensure that the FMR can cover debt service.
- If market rent is at or below FMR: This suggests that the market is either aligned with or underperforming the FMR. However, this alone does not determine investment viability; you need to assess the demand for rentals.
- Are 16.3% of residents renters and do they create enough demand given the N/A-day days on market (DOM)?
- If the percentage of renters is high and DOM is low: There is strong demand for rental properties. This supports a positive investment decision if the first two criteria are also met.
- If the percentage of renters is moderate and DOM is average: Demand is present but not overwhelming. Investment decision hinges on the ability of FMR to cover costs and the alignment of market rent with FMR.
- If the percentage of renters is low or DOM is high: There is insufficient demand for rental properties. This makes investment less attractive even if FMR covers costs and aligns with market rents.
Summary: For ZIP code 04852, the decision to invest in Section 8 properties hinges on the alignment of FMR and market rent, and the strength of rental demand. Ensure that FMR can cover debt service, that market rent is competitive, and that there is a sufficient number of renters to support your investment. With 16.3% of residents as renters and an unclear DOM figure, focus on the first two criteria to make an informed decision.
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.