Section 8 Fair Market Rent (FMR) for ZIP 04983 - 2027

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$840
1 Bedroom	$920
2 Bedrooms	$1,200
3 Bedrooms	$1,660
4 Bedrooms	$2,010
5 Bedrooms	$2,332
6 Bedrooms	$2,612
7 Bedrooms	$2,821
8 Bedrooms	$2,962

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Based on the available data, ZIP 04983 in Strong, ME presents a moderate scenario for real estate investment on both the yield and stability axes.

The $1,230 Fair Market Rent (FMR) for the metro area in fiscal year 2026 contrasts with the $920 market rent, indicating a potential for above-average rental yields if properties can be leased at or near FMR levels. However, the median home value of $169,100 is notably lower than the provided figure of $261,351, which suggests that the market may be less robust than anticipated, potentially affecting the overall yield.

In terms of stability, the ZIP code has a relatively low percentage of renters at 10.8%, which could imply a smaller pool of potential tenants. The lack of day-on-market (DOM) data indicates an absence of recent transactional activity, making it difficult to assess the liquidity of the market. However, the median household income of $53,894 provides some assurance regarding the financial stability of the local population.

To classify this market, we consider the following:

• Yield: While the FMR suggests higher potential rents, the actual market rent is significantly lower. This discrepancy points towards a scenario where achieving high yields might require strategic property management or renovation efforts to attract higher-paying tenants.
• Stability: With a low percentage of renters and limited transactional data, the stability of this market appears to be modest. The income figure, however, offers a degree of confidence in the ability of residents to pay rent, mitigating some risk.

In conclusion, ZIP 04983 leans towards being a steady-cashflow zone. The potential for higher yields exists but requires careful consideration of market conditions and possibly significant investment in property improvements. The stability factor is influenced by the limited number of renters and sparse transactional data, but the median income supports a reasonable level of tenant reliability.

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.