ZIP 04462 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 04462 in the Penobscot County, ME (part) FMR area.

Penobscot County, ME (part)

$890Efficiency

$9801 bedroom

$1,2802 bedrooms

$1,6203 bedrooms

$1,8104 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$890	$801	$979	$1,042
1 bedroom	$980	$882	$1,078	$1,144
2 bedrooms	$1,280	$1,152	$1,408	$1,496
3 bedrooms	$1,620	$1,458	$1,782	$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.

Piscataquis County, ME

$890Efficiency

$9801 bedroom

$1,2802 bedrooms

$1,6203 bedrooms

$1,8104 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$890	$801	$979	$933
1 bedroom	$980	$882	$1,078	$1,024
2 bedrooms	$1,280	$1,152	$1,408	$1,340
3 bedrooms	$1,620	$1,458	$1,782	$1,610
4 bedrooms	$1,810	$1,629	$1,991	$1,761

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

Income in ZIP 04462

$49,184average adjusted gross income per tax return (2022)

$31,756average salaries and wages per return

2,070tax returns filed

31%of average income for a 2-bedroom SAFMR

Adjusted gross income	Share of returns
$1 to $25,000	40.1%
$25,000 to $50,000	24.2%
$50,000 to $75,000	15.0%
$75,000 to $100,000	8.2%
$100,000 to $200,000	10.6%
$200,000 or more	1.9%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 15.9% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 04462?

HUD's FY2027 Small Area FMRs for ZIP 04462 (Penobscot County, ME (part)) are $890 efficiency, $980 one bedroom, $1,280 two bedrooms, $1,620 three and $1,810 four bedrooms.

What payment standard can a housing authority set in ZIP 04462?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,152 to $1,408.

How affordable is rent in ZIP 04462?

Tax returns filed from ZIP 04462 reported an average adjusted gross income of $49,184 (2022). A two-bedroom unit at the Small Area FMR costs $15,360 a year, or 31% of that income.