Section 8 Fair Market Rent (FMR) for ZIP 04941 - 2027

Location: Waldo County, ME | Metro: Waldo County, ME

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,050
1 Bedroom	$1,050
2 Bedrooms	$1,300
3 Bedrooms	$1,680
4 Bedrooms	$1,830
5 Bedrooms	$2,123
6 Bedrooms	$2,378
7 Bedrooms	$2,568
8 Bedrooms	$2,696

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

1,577

Median Household Income

$65,662

Housing Units

804

Renter Percentage

14.5%

Occupancy Rate

82.6%

Renter Occupied

ZIP code 04941, located in Maine, offers a unique blend of rural charm and suburban convenience, making it an attractive location for both residents and investors. The area benefits from a stable economy and a growing population, which has positive implications for the rental market.

The Fair Market Rent (FMR) for ZIP 04941 is set at $1,120 for the fiscal year 2026, indicating a higher threshold for rental pricing compared to the current average.
The actual market rent, according to Census ACS data, is currently $846, suggesting there's room for growth towards the FMR target.
The median home value in the area is $280,891, reflecting a moderate housing market that is neither overly saturated nor out of reach for most buyers.
Renters make up 14.5% of the local housing market, which is relatively low but still presents opportunities for those focused on rental properties.
The median income in ZIP 04941 is $65,662, providing insight into the financial capabilities of potential tenants and homeowners.

The combination of these factors paints a picture of a market where rental properties can be priced competitively, with potential for appreciation as the area moves closer to the FMR. Given the lower-than-average renter share, there is a clear opportunity for landlords to fill this gap, especially as the population grows and incomes remain stable. For small-portfolio investors, focusing on rental units that meet or slightly exceed the current market rent could yield favorable returns, aligning well with the expected FMR adjustments in the coming years.

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.