ZIP 04428 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 04428 in the Bangor, ME FMR area.

Bangor, ME

$1,320Efficiency

$1,4201 bedroom

$1,8302 bedrooms

$2,4303 bedrooms

$2,6004 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$1,320	$1,188	$1,452	$1,305
1 bedroom	$1,420	$1,278	$1,562	$1,380
2 bedrooms	$1,830	$1,647	$2,013	$1,722
3 bedrooms	$2,430	$2,187	$2,673	$2,203
4 bedrooms	$2,600	$2,340	$2,860	$2,495

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

Penobscot County, ME (part)

$1,320Efficiency

$1,4201 bedroom

$1,8302 bedrooms

$2,4303 bedrooms

$2,6004 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$1,320	$1,188	$1,452	$1,042
1 bedroom	$1,420	$1,278	$1,562	$1,144
2 bedrooms	$1,830	$1,647	$2,013	$1,496
3 bedrooms	$2,430	$2,187	$2,673	$2,039
4 bedrooms	$2,600	$2,340	$2,860	$2,096

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

Hancock County, ME

$1,320Efficiency

$1,4201 bedroom

$1,8302 bedrooms

$2,4303 bedrooms

$2,6004 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$1,320	$1,188	$1,452	$1,163
1 bedroom	$1,420	$1,278	$1,562	$1,171
2 bedrooms	$1,830	$1,647	$2,013	$1,484
3 bedrooms	$2,430	$2,187	$2,673	$2,050
4 bedrooms	$2,600	$2,340	$2,860	$2,198

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

Income in ZIP 04428

$65,066average adjusted gross income per tax return (2022)

$46,345average salaries and wages per return

1,550tax returns filed

34%of average income for a 2-bedroom SAFMR

Adjusted gross income	Share of returns
$1 to $25,000	26.5%
$25,000 to $50,000	25.2%
$50,000 to $75,000	18.1%
$75,000 to $100,000	11.0%
$100,000 to $200,000	16.1%
$200,000 or more	3.2%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 12.3% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 04428?

HUD's FY2027 Small Area FMRs for ZIP 04428 (Bangor, ME) are $1,320 efficiency, $1,420 one bedroom, $1,830 two bedrooms, $2,430 three and $2,600 four bedrooms.

What payment standard can a housing authority set in ZIP 04428?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,647 to $2,013.

How affordable is rent in ZIP 04428?

Tax returns filed from ZIP 04428 reported an average adjusted gross income of $65,066 (2022). A two-bedroom unit at the Small Area FMR costs $21,960 a year, or 34% of that income.