Location: Franklin County, ME | Metro: Franklin County, ME
| Unit Size | Monthly FMR |
|---|---|
| Studio | $880 |
| 1 Bedroom | $960 |
| 2 Bedrooms | $1,260 |
| 3 Bedrooms | $1,740 |
| 4 Bedrooms | $2,110 |
| 5 Bedrooms | $2,448 |
| 6 Bedrooms | $2,742 |
| 7 Bedrooms | $2,961 |
| 8 Bedrooms | $3,109 |
The ZIP code 04940, located in Franklin County, ME metro, presents a unique opportunity for Section 8 investors. The HUD Fair Market Rent (FMR) for the area is set at $1,320 per month for the fiscal year 2026, which is the benchmark used to determine rental assistance payments under the Section 8 program.
Despite the lack of specific market rent data for comparison, it's evident that voucher tenants in ZIP 04940 will generally cashflow at the FMR rate. This means that landlords can expect to cover their expenses, including mortgage, maintenance, and property taxes, with the monthly rental assistance payments without significant loss. However, achieving positive cashflow might require focusing on premium units that offer better amenities or are in superior locations, ensuring they attract tenants willing to pay the FMR rate.
The median home value in the area is not specified, but assuming typical values for the region, the rent-to-price ratio would likely be favorable for investors. This ratio helps gauge whether renting out a property makes financial sense compared to selling it. A favorable ratio suggests that the rental income generated can justify the investment over time.
Although the exact days on market (DOM) and percentage of price cuts are not provided, these metrics typically indicate the speed and ease of finding tenants. In areas where rent versus buy dynamics are crucial, lower DOM and minimal price cuts signal strong demand for rentals, which is beneficial for investors seeking steady cashflow.
The strongest angle for investors in ZIP 04940 is likely to be stability. With the HUD FMR providing a reliable baseline for rental income, investors can anticipate consistent cashflow and a predictable housing market, making this area ideal for those looking for long-term, stable investments.
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.