Section 8 Fair Market Rent (FMR) for ZIP 04903 - 2027

FY 2027 Fair Market Rent Rates

1,420 is the Fair Market Rent (FMR) for ZIP 04903, which covers Waterville, ME, as of fiscal year 2026. This figure represents the maximum amount that Section 8 participants can pay for housing in the area.

The lack of available market rent data for ZIP 04903 suggests limited recent transactions or listings. However, the FMR provides a benchmark for rental costs.

N/A median home value indicates insufficient data for a precise assessment, but this does not necessarily reflect poor market conditions; it could be due to low transaction volumes.

N/A% renter share means there is no specific data on the proportion of renters in Waterville, making it difficult to gauge the demand for rental properties specifically.

N/A median income data points to a lack of comprehensive economic indicators for the area, though local conditions might still support rental investments.

N/A-day DOM (Days on Market) implies that there is no recent data on how long properties typically stay on the market before being sold, which can affect liquidity and holding costs.

N/A% price-cut share suggests that there is no recent data on the percentage of homes that require price reductions to sell, indicating stability in the market or a lack of recent sales activity.

In conclusion, given the limited availability of specific market data, the focus should be on the $1,420 FMR for Section 8 properties. The absence of broader economic and housing metrics makes it challenging to provide a definitive verdict on the overall investment potential, but the FMR provides a solid foundation for pricing rental units.

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.