ZIP 04435 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 04435 in the Penobscot County, ME (part) FMR area.

$1,450Efficiency
$1,5901 bedroom
$2,0802 bedrooms
$2,8303 bedrooms
$2,9104 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$1,450$1,305$1,595$1,042
1 bedroom$1,590$1,431$1,749$1,144
2 bedrooms$2,080$1,872$2,288$1,496
3 bedrooms$2,830$2,547$3,113$2,039
4 bedrooms$2,910$2,619$3,201$2,096

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

Income in ZIP 04435

$56,354average adjusted gross income per tax return (2022)
$40,843average salaries and wages per return
460tax returns filed
44%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00032.6%
$25,000 to $50,00023.9%
$50,000 to $75,00017.4%
$75,000 to $100,00010.9%
$100,000 to $200,00015.2%
$200,000 or more0.0%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 15.2% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 04435?

HUD's FY2027 Small Area FMRs for ZIP 04435 (Penobscot County, ME (part)) are $1,450 efficiency, $1,590 one bedroom, $2,080 two bedrooms, $2,830 three and $2,910 four bedrooms.

What payment standard can a housing authority set in ZIP 04435?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,872 to $2,288.

How affordable is rent in ZIP 04435?

Tax returns filed from ZIP 04435 reported an average adjusted gross income of $56,354 (2022). A two-bedroom unit at the Small Area FMR costs $24,960 a year, or 44% of that income.