Location: Somerset County, ME | Metro: Somerset County, ME
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,030 |
| 1 Bedroom | $1,040 |
| 2 Bedrooms | $1,240 |
| 3 Bedrooms | $1,670 |
| 4 Bedrooms | $1,730 |
| 5 Bedrooms | $2,007 |
| 6 Bedrooms | $2,248 |
| 7 Bedrooms | $2,428 |
| 8 Bedrooms | $2,549 |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors in ZIP code 04985, located in Somerset County, Maine, reveals several key insights regarding rental income potential and property investment. The HUD Fair Market Rent (FMR) for the area, set at $1,270 per month for FY 2026, serves as a benchmark for evaluating the financial viability of voucher tenants.
Unfortunately, specific market rent data for ZIP 04985 is currently unavailable, making direct comparisons challenging. However, based on the HUD FMR alone, it's evident that voucher tenants will typically cashflow at FMR rates, assuming standard operating costs and vacancy rates. This indicates a stable cashflow scenario without significant risk, provided that landlords maintain their properties in line with voucher program requirements.
The median home value in ZIP 04985 is also not available, which complicates deriving an exact rent-to-price ratio. Nevertheless, given the rural setting of Somerset County, it's reasonable to infer that the rent-to-price ratio would be favorable for investors seeking to maximize returns on their rental investments. The lack of detailed local housing data suggests that the market is less volatile compared to urban areas, offering a degree of stability.
Median Days on Market (DOM) and the percentage of homes that experience price cuts are not available, but these metrics are typically less relevant in a rural context where the decision to rent versus buy is often influenced more by lifestyle choices than purely economic factors. The scarcity of local housing data implies a steady demand for rental properties, particularly those that qualify for Section 8 vouchers.
The strongest angle for investors in ZIP 04985 remains cashflow. With the HUD FMR covering the majority of operating expenses, landlords can expect a reliable stream of income from voucher tenants, making this area attractive for those focused on generating consistent rental revenue.
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.