ZIP 04048 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 04048 in the Portland, ME FMR area.

Portland, ME

$1,420Efficiency
$1,5701 bedroom
$1,9202 bedrooms
$2,5803 bedrooms
$2,9104 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$1,420$1,278$1,562$1,639
1 bedroom$1,570$1,413$1,727$1,864
2 bedrooms$1,920$1,728$2,112$2,353
3 bedrooms$2,580$2,322$2,838$2,902
4 bedrooms$2,910$2,619$3,201$3,092

Housing authorities may set voucher payment standards from 90% to 110% of the FMR that applies to them.

York County, ME (part)

$1,420Efficiency
$1,5701 bedroom
$1,9202 bedrooms
$2,5803 bedrooms
$2,9104 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$1,420$1,278$1,562$1,352
1 bedroom$1,570$1,413$1,727$1,500
2 bedrooms$1,920$1,728$2,112$1,792
3 bedrooms$2,580$2,322$2,838$2,464
4 bedrooms$2,910$2,619$3,201$2,773

Housing authorities may set voucher payment standards from 90% to 110% of the FMR that applies to them.

Income in ZIP 04048

$66,499average adjusted gross income per tax return (2022)
$51,178average salaries and wages per return
1,720tax returns filed
35%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00023.3%
$25,000 to $50,00025.6%
$50,000 to $75,00019.8%
$75,000 to $100,00011.6%
$100,000 to $200,00016.3%
$200,000 or more3.5%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 9.9% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 04048?

HUD's FY2027 Small Area FMRs for ZIP 04048 (Portland, ME) are $1,420 efficiency, $1,570 one bedroom, $1,920 two bedrooms, $2,580 three and $2,910 four bedrooms.

What payment standard can a housing authority set in ZIP 04048?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,728 to $2,112.

How affordable is rent in ZIP 04048?

Tax returns filed from ZIP 04048 reported an average adjusted gross income of $66,499 (2022). A two-bedroom unit at the Small Area FMR costs $23,040 a year, or 35% of that income.