ZIP 04097 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 04097 in the Portland, ME FMR area.

Portland, ME

$1,670Efficiency
$1,9001 bedroom
$2,4002 bedrooms
$2,9603 bedrooms
$3,1504 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$1,670$1,503$1,837$1,639
1 bedroom$1,900$1,710$2,090$1,864
2 bedrooms$2,400$2,160$2,640$2,353
3 bedrooms$2,960$2,664$3,256$2,902
4 bedrooms$3,150$2,835$3,465$3,092

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

Cumberland County, ME (part)

$1,670Efficiency
$1,9001 bedroom
$2,4002 bedrooms
$2,9603 bedrooms
$3,1504 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$1,670$1,503$1,837$1,545
1 bedroom$1,900$1,710$2,090$1,561
2 bedrooms$2,400$2,160$2,640$1,941
3 bedrooms$2,960$2,664$3,256$2,425
4 bedrooms$3,150$2,835$3,465$3,244

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

Income in ZIP 04097

$133,175average adjusted gross income per tax return (2022)
$86,385average salaries and wages per return
2,170tax returns filed
22%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00021.7%
$25,000 to $50,00014.3%
$50,000 to $75,00012.4%
$75,000 to $100,0009.2%
$100,000 to $200,00024.9%
$200,000 or more17.5%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 4.6% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 04097?

HUD's FY2027 Small Area FMRs for ZIP 04097 (Portland, ME) are $1,670 efficiency, $1,900 one bedroom, $2,400 two bedrooms, $2,960 three and $3,150 four bedrooms.

What payment standard can a housing authority set in ZIP 04097?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $2,160 to $2,640.

How affordable is rent in ZIP 04097?

Tax returns filed from ZIP 04097 reported an average adjusted gross income of $133,175 (2022). A two-bedroom unit at the Small Area FMR costs $28,800 a year, or 22% of that income.