ZIP 04450 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 04450 in the Bangor, ME FMR area.

Bangor, ME

$1,260Efficiency

$1,3301 bedroom

$1,6602 bedrooms

$2,1203 bedrooms

$2,4104 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$1,260	$1,134	$1,386	$1,305
1 bedroom	$1,330	$1,197	$1,463	$1,380
2 bedrooms	$1,660	$1,494	$1,826	$1,722
3 bedrooms	$2,120	$1,908	$2,332	$2,203
4 bedrooms	$2,410	$2,169	$2,651	$2,495

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

Penobscot County, ME (part)

$1,260Efficiency

$1,3301 bedroom

$1,6602 bedrooms

$2,1203 bedrooms

$2,4104 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$1,260	$1,134	$1,386	$1,042
1 bedroom	$1,330	$1,197	$1,463	$1,144
2 bedrooms	$1,660	$1,494	$1,826	$1,496
3 bedrooms	$2,120	$1,908	$2,332	$2,039
4 bedrooms	$2,410	$2,169	$2,651	$2,096

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

Income in ZIP 04450

$57,050average adjusted gross income per tax return (2022)

$44,923average salaries and wages per return

660tax returns filed

35%of average income for a 2-bedroom SAFMR

Adjusted gross income	Share of returns
$1 to $25,000	27.3%
$25,000 to $50,000	28.8%
$50,000 to $75,000	18.2%
$75,000 to $100,000	10.6%
$100,000 to $200,000	15.2%
$200,000 or more	0.0%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 16.7% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 04450?

HUD's FY2027 Small Area FMRs for ZIP 04450 (Bangor, ME) are $1,260 efficiency, $1,330 one bedroom, $1,660 two bedrooms, $2,120 three and $2,410 four bedrooms.

What payment standard can a housing authority set in ZIP 04450?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,494 to $1,826.

How affordable is rent in ZIP 04450?

Tax returns filed from ZIP 04450 reported an average adjusted gross income of $57,050 (2022). A two-bedroom unit at the Small Area FMR costs $19,920 a year, or 35% of that income.