ZIP 04448 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 04448 in the Bangor, ME FMR area.

Bangor, ME

$1,120Efficiency
$1,2101 bedroom
$1,5802 bedrooms
$2,1503 bedrooms
$2,2104 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$1,120$1,008$1,232$1,305
1 bedroom$1,210$1,089$1,331$1,380
2 bedrooms$1,580$1,422$1,738$1,722
3 bedrooms$2,150$1,935$2,365$2,203
4 bedrooms$2,210$1,989$2,431$2,495

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

Penobscot County, ME (part)

$1,120Efficiency
$1,2101 bedroom
$1,5802 bedrooms
$2,1503 bedrooms
$2,2104 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$1,120$1,008$1,232$1,042
1 bedroom$1,210$1,089$1,331$1,144
2 bedrooms$1,580$1,422$1,738$1,496
3 bedrooms$2,150$1,935$2,365$2,039
4 bedrooms$2,210$1,989$2,431$2,096

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

Income in ZIP 04448

$49,569average adjusted gross income per tax return (2022)
$39,121average salaries and wages per return
620tax returns filed
38%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00033.9%
$25,000 to $50,00029.0%
$50,000 to $75,00016.1%
$75,000 to $100,0009.7%
$100,000 to $200,00011.3%
$200,000 or more0.0%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 16.1% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 04448?

HUD's FY2027 Small Area FMRs for ZIP 04448 (Bangor, ME) are $1,120 efficiency, $1,210 one bedroom, $1,580 two bedrooms, $2,150 three and $2,210 four bedrooms.

What payment standard can a housing authority set in ZIP 04448?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,422 to $1,738.

How affordable is rent in ZIP 04448?

Tax returns filed from ZIP 04448 reported an average adjusted gross income of $49,569 (2022). A two-bedroom unit at the Small Area FMR costs $18,960 a year, or 38% of that income.