ZIP 04417 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 04417 in the Penobscot County, ME (part) FMR area.

$890Efficiency
$9601 bedroom
$1,2602 bedrooms
$1,6903 bedrooms
$1,8104 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$890$801$979$1,042
1 bedroom$960$864$1,056$1,144
2 bedrooms$1,260$1,134$1,386$1,496
3 bedrooms$1,690$1,521$1,859$2,039
4 bedrooms$1,810$1,629$1,991$2,096

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

Income in ZIP 04417

$42,274average adjusted gross income per tax return (2022)
$31,005average salaries and wages per return
190tax returns filed
36%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00042.1%
$25,000 to $50,00026.3%
$50,000 to $75,00015.8%
$75,000 to $100,00015.8%
$100,000 to $200,0000.0%
$200,000 or more0.0%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 21.1% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 04417?

HUD's FY2027 Small Area FMRs for ZIP 04417 (Penobscot County, ME (part)) are $890 efficiency, $960 one bedroom, $1,260 two bedrooms, $1,690 three and $1,810 four bedrooms.

What payment standard can a housing authority set in ZIP 04417?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,134 to $1,386.

How affordable is rent in ZIP 04417?

Tax returns filed from ZIP 04417 reported an average adjusted gross income of $42,274 (2022). A two-bedroom unit at the Small Area FMR costs $15,120 a year, or 36% of that income.