Location: Knox County, ME | Metro: Knox County, ME
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,330 |
| 1 Bedroom | $1,570 |
| 2 Bedrooms | $1,910 |
| 3 Bedrooms | $2,500 |
| 4 Bedrooms | $2,510 |
| 5 Bedrooms | $2,912 |
| 6 Bedrooms | $3,261 |
| 7 Bedrooms | $3,522 |
| 8 Bedrooms | $3,698 |
U.S. Census Bureau data (2024)
The ZIP code 04853 stands out due to its unique data signature. With only 480 residents, 18.0% of whom are renters, and a median household income of $87,500, this area contrasts sharply with its median home value of $723,642. This indicates a relatively affluent community where homeownership is predominant.
In terms of Section 8 economics, the Fair Market Rent (FMR) for a metropolitan area in fiscal year 2026 is set at $1,780, while the current market rent is approximately $913 based on Census ACS data. This discrepancy suggests a substantial potential subsidy for landlords participating in the Section 8 program, as the government will cover the difference between the market rate and the FMR, ensuring a guaranteed income.
The data signature for ZIP 04853 reads as stable, given the high median home value and income levels. However, the low percentage of renters might indicate a transitional phase towards increased demand for rental properties as the area continues to develop. For landlords and small-portfolio investors, this ZIP code offers a promising opportunity with a reliable tenant base and guaranteed rent payments, making it a secure investment choice.
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.